S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index Reports Home Prices Gained in October

According to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index report, which covers all nine U.S. Census divisions, home prices on an annual basis gained 8.4% in October, up from a 7.0% increase in September. The 10-City Composite annual increase came in at 7.5% in October, up from 6.2% in the previous month. The 20-City Composite posted a 7.9% year-over-year gain in October, up from 6.6% in the previous month. Leading the markets higher in the top 19 cities (excluding Detroit) were Phoenix with a year-over-year increase of 12.7%, followed by Seattle with a 11.7% increase and San Diego with a 11.6% increase.