US house prices continued to rise in October, but slowed for the second consecutive month, according to S&P CoreLogic Case-Shiller data, intensifying the feeling that the housing market is “cooling” after from more than one year of frantic sales.
In particular, the national index recorded an increase of 19.1% on an annual basis in October, after an annual increase of 19.7% in September. Although the growth rate slowed, the October measurement is the fourth largest annual increase in house prices in the 34-year history of the index.
The price index in 20 major US metropolitan areas showed a similar picture, showing an annual increase of 18.4% in October after an increase of 19.1% in September. On a monthly basis, the index rose 0.8%.
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Source From: Capital
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