Home Prices Set Second Consecutive All-Time High

Posted To: MND NewsWire

Price gains in October once again accelerated on an annual basis. The S&P CoreLogic Case-Shiller National Index, which covers all nine U.S. census divisions, was up 5.6 percent compared to October 2015. It was the largest increase year-to-date in 2016. The September-to-September increase was 5.4 percent (revised from the originally reported 5.5 percent). The Index was up 0.2 percent from September on a non-seasonally adjusted basis and 0.9 percent adjusted. The 10-City Composite Index rose 4.3 percent compared to the previous October, and the 20-City Composite was up 5.1 percent. Both of indices' year-over-year gains were .01 percentage points larger than in September. On a monthly basis, the 10-City was unchanged and the 20-City was up 0.1 point on a non-adjusted basis while each rose...(read more)

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