Home prices rose 5.5% in October

Large house mcmansion salinas californiaWikimedia CommonsSalinas, California

Home prices are still rising in the US.

According to the S&P/Case-Shiller home price index, prices climbed by 0.84% month-over-month in October. This was a bit stronger than the 0.60% pace expected by economists.

On a year-over-year basis, prices were up 5.54%, which compares to expectations for a 5.60% gain.

More to come…

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