The headline for the October S&P CoreLogic Case-Shiller
home price report is yet another month of escalating gains. The National Home
Price Index which covers all nine U.S. census divisions posted an annual
increase of 8.4 percent compared to a 7.0 percent change in September. The
National Index posted a 1.4 percent month-over-month increase before seasonal
adjustment and 1.7 percent afterward. The 10-City Composite Index
was up 7.5 percent from the previous October and the 20-City Composite grew by
7.9 percent.
Their September gains were 6.2 percent and 6.6 percent,
respectively. The 10-City index was up 1.4 percent before seasonal adjustment and
the 20-City posted a 1.3 percent change. Both composites rose 1.6 percent after
adjustment.

 

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.