Pursuits
Home Prices in 20 U.S. Cities Rose at a Faster Pace in October
- All 20 showed year-to-year advances, led by areas in West
- Price appreciation picked up in 12 cities in October
2016 Housing Trends: Affordability an Issue?
This article is for subscribers only.
Home values in 20 U.S. cities rose at a faster pace in the year ended October as lean inventories of available properties combined with steadily improving demand.
The S&P/Case-Shiller index of property values climbed 5.5 percent from October 2014 after rising 5.4 percent in the year ended September, the group said Tuesday in New York. The median projection of 21 economists surveyed by Bloomberg called for a 5.6 percent advance. Nationally, prices rose 5.2 percent year-over-year.