Home Price Increases Outpace Inflation by 3x

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Posted To: MND NewsWire

Prices maintained their upward trajectory in October, with gains on a national level outstripping those in September. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, rose 6.2 percent on a year-over-year basis in October, up from 6.1 percent in the previous month. For the month, the index increased 2.0 percent on a seasonally adjusted basis and was up 0.7 percent unadjusted. The 10-City Composite posted an annual gain of 6.0 percent, 0.3 percentage point higher than the September increase. The 20-City Composite rose by 6.4 percent compared to 6.2 percent the previous month. Both composites matched the National Index with seasonally adjusted and non-adjusted monthly increases of 0.2 percent and 0.7 percent respectively Seattle continues…(read more)

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