Case-Shiller Home Prices Show Strong Gain in October 2012

Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for October 2012 (released today) showed the fifth year-over-year gain in housing prices since the end of the housing stimulus in 2010. Non-seasonally adjusted home prices were statistically unchanged month-to-month as is normal between September to October. Home prices increased year-over-year 4.3% (versus 3.0% in September). The market had expected a year-over-year increase between 3.0% and 3.9% (versus the 4.3% reported) Case-Shiller home price index has shown year-over-year price improvement for the last five months. The National Association of Realtors and CoreLogic have reported year-over-year home price gains since April 2012.  Note the caveats section at the end of this post.   Read more »