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Friday, January 17, 2014

S&P/Case-Shiller Home Price Indices Rose In October

S&P/Case-Shiller Home Price Indices Rose In OctoberData through October 2013, released by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, showed that the 10-City and 20-City Composites posted year-over-year gains of 13.6 percent. This is their highest gain since February 2006 and marks the 17th consecutive month that both Composites increased on an annual basis.

In October 2013, the two Composites showed a small gain of 0.2 percent for the month. Eighteen cities posted lower monthly rates in October than in September. After 19 months of gains, San Francisco showed a slightly negative return. Phoenix held onto its streak and posted its 25th consecutive increase.

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