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Home Prices in October Post Highest Annual Increase in 2 Years: Case-Shiller Home Price Index

Posted by Bonnie Martin Designated Broker on Thursday, December 27th, 2012 at 8:54am. - US home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing market is improving even as it moves into the more dormant fall and winter sales period.

The Standard & Poor's/Case-Shiller national home price index released Wednesday increased 4.3 percent in October compared with a year ago. That's the largest year-over-year increase in two and a half years, when a homebuyer tax credit temporarily boosted sales.

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