US home prices rise 5.1 percent in October

[DonViejo]

Source: Associated Press


TUESDAY, DEC 27, 2016 09:15 AM EST

WASHINGTON (AP) — U.S. home prices rose again in October as buyers bidding for scarce properties drove prices higher.

The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 5.1 percent in October from a year earlier after climbing 5 percent in September. Prices for the 20 cities are still 7.1 percent below their July 2006 peak.

The broader Case-Shiller national home price index was up 5.6 percent in October and has fully recovered from the financial crisis.

Prices rose 10.7 percent annually in Seattle, 10.3 percent in Portland and 8.3 percent in Denver. New York registered the smallest year-over-year gain: 1.7 percent. Home sales and prices have been helped by healthy demand, tight supplies and low mortgage rates.

Read more: http://www.salon.com/2016/12/27/us-home-prices-rise-5-1-percent-in-october/

[TexasBushwhacker]

1. Mortgage interest rates are going up too

When may be in for another housing bubble.

[Yavin4]

2. Yeppers.

Esp. since Trump and the Republicans want to eliminate banking regulations.

[dixiegrrrrl]

3. Housing bubble strong on West Coast right now.

dunno about other market areas.
been hearing there are reluctant buyers in South Fla. as the idea of sea level rise seems to be mainstream now.