Multiple home price indices indicate that monthly values continued to rise in October. The strongest increases are no longer limited to the West. But one estimate has a decline for November.
At 203.84, the Case-Shiller 20-City Composite Home Price Index for the month of October turned out to be 0.2 percent higher than one month previous.
In addition, the index — a snapshot of U.S. home values that is based on a value-weighted average in 20 metropolitan areas — has risen 6.4 percent from the same month last year.
Source: Mortgage Daily