US home prices rise in October

US home prices rise in October
29/12/2016 , by , in INTERNATIONAL

U.S. home prices rose again in October as buyers bidding for scarce properties drove prices higher.

The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index rose 5.1% in October from a year earlier after rising 5 % in September. Prices for the 20 cities are still 7.1% below their July 2006 peak.

Prices rose 10.7 percent annually in Seattle, 10.3 percent in Portland and 8.3 percent in Denver. New York registered the smallest year-over-year gain: 1.7 percent.

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