Dec
27
Home Prices in 20 U.S. Cities Increased 5.1% in October
ByHome prices in 20 U.S. cities maintained a steady pace of increases in October while a gauge of nationwide property values rose by the most since mid-2014, according to S&P CoreLogic Case-Shiller data released Tuesday.
Key Points
- 20-city property values index rose 5.1 percent from October 2015 (forecast was 5 percent) after a 5 percent gain in the year through September
- National home-price gauge increased 5.6 percent from 12 months earlier, the biggest gain since July 2014, to a record 185.06; the measure first exceeded the 2006 pre-recession peak in September
- On a monthly basis, the seasonally adjusted 20-city index increased 0.6 percent (forecast was 0.5 percent) from prior month after a 0.5 percent gain…
Home Prices in 20 U.S. Cities Increased 5.1% in October
