Posted To: MND NewsWire

The headline for the October S&P CoreLogic Case-Shiller home price report is yet another month of escalating gains. The National Home Price Index which covers all nine U.S. census divisions posted an annual increase of 8.4 percent compared to a 7.0 percent change in September. The National Index posted a 1.4 percent month-over-month increase before seasonal adjustment and 1.7 percent afterward. The 10-City Composite Index was up 7.5 percent from the previous October and the 20-City Composite grew by 7.9 percent. Their September gains were 6.2 percent and 6.6 percent, respectively. The 10-City index was up 1.4 percent before seasonal adjustment and the 20-City posted a 1.3 percent change. Both composites rose 1.6 percent after adjustment. COVID-19 related delays in reporting are still affecting…(read more)

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Source: Mortgage News Daily