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Tue Dec 4, 2012, 08:56 PM

US home prices rise in October by most in 6 years [View all]

Source: AP-Excite

By CHRISTOPHER S. RUGABER

WASHINGTON (AP) - A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market.

Core Logic also said Tuesday that prices declined 0.2 percent in October from September, the second drop after six straight monthly increases. The monthly figures are not seasonally adjusted. The real estate data provider says the decline reflects the end of the summer home-buying season.

Steady price increases are helping fuel a housing recovery. They encourage more homeowners to sell their homes. And they entice would-be buyers to purchase homes before prices rise further.

Home values are rising in more states and cities, according to the report. Prices increased in 45 states in October, up from 43 the previous month. The biggest increases were in Arizona, where prices rose 21.3 percent, and in Hawaii, where they were up 13.2 percent.

FULL story at link.


Read more: http://apnews.excite.com/article/20121204/DA2V2O2O2.html





In this Wednesday, Oct. 10, 2012, photo, a for-sale sign is posted in Lincolnwood, Ill. A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market. (AP Photo/Nam Y. Huh)

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Reply US home prices rise in October by most in 6 years [View all]
Omaha Steve Dec 2012 OP
Purveyor Dec 2012 #1
jtuck004 Dec 2012 #2