Case-Shiller Home Prices Show Strong Gain in October 2012
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December 26, 2012 - 9:17am
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.
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