Home Price Growth Slows For 10th Straight Month In October

Housing Crash

Home sales price growth continued to slow across the nation in October, the tenth straight month of deceleration, according to data released Tuesday.

U.S. single-family home prices gained just 4.6% (on a seasonally-adjusted basis) over prices one year earlier, down from a 4.8% annual increase in September, the S&P/Case-Shiller National Home Price Index shows. The measure covers all nine Census divisions. Separately, the two indices tracking 10 and 20 specific cities in October gained an annual 4.4% and 4.5%, respectively, down from annual gains of 4.7% and 4.8% in September.

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