Posted To: MND NewsWire

Both the S&P CoreLogic Case-Shiller indices and the House Price Index (HPI) provided by the Federal Housing Finance Agency (FHFA) showed slight acceleration in home price increases during October. Case Shiller’s National Home Price Index, which covers all nine U.S. census divisions, reported an annual gain of 3.3 percent compared to a 3.2 percent rate of appreciation in September. On a monthly basis the National Index was up 0.1 percent on an unadjusted basis, and it gained 0.5 percent after seasonal adjustment. The 10-City Composite Index posted annual growth of 1.7 percent in October, 0.2 percentage point more than the rate in September. The 20-City Composite was up 2.2 percent year-over-year compared to 2.1 percent the prior month. Like the National Index, both city composites rose 0…(read more)

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Source: Mortgage News Daily