Home Prices in 20 U.S. Cities Rose at a Faster Pace in October

December 29, 2015 2:01 PM

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Home Prices in 20 U.S. Cities Rose at a Faster Pace in October

Home values in 20 U.S. cities rose at a faster pace in the year ended October as lean inventories of available properties combined with steadily improving demand.

The S&P/Case-Shiller index of property values climbed 5.5 percent from October 2014 after rising 5.4 percent in the year ended September, the group said Tuesday in New York. The median projection of 21 economists surveyed by Bloomberg called for a 5.6 percent advance. Nationally, prices rose 5.2 per...

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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