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U.S. Home Prices Rise Most in Five Months as Markets Pick Up

Aerial Views Of Silicon Valley Housing And Tech Campuses
Photographer: Sam Hall/Bloomberg
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Home prices in 20 U.S. cities rose at the fastest pace in five months in October, posting a third straight acceleration as real estate markets showed fresh strength at the start of the fourth quarter.

The S&P CoreLogic Case-Shiller index of property values advanced 2.2% from October 2018, according to data released Tuesday that exceeded estimates in a Bloomberg survey of economists. Prices rose 0.4% from a month earlier on a seasonally adjusted basis, also topping projections.