S&P CoreLogic Case-Shiller Posts Yearly Increase Of 4.8 Percent

The S&P CoreLogic Case-Shiller Index for October was just released, highlighting a very strong month for home prices. Covering all nine U.S. census divisions, the index was up 4.8 percent annually in October, up from a 4 percent change in the previous month. The 10-City Composite showed an increase of 5.7 percent, while the 20-City Composite posted a year-over-year increase of 4.9 percent.

Detroit reported the highest year-over-year gain among the 20 cities with an 8.1 percent increase in October, followed again by San Diego with a 7.2 percent increase. Portland fell 0.6 percent and remained the only city reporting lower prices in October compared to a year ago.

“U.S. home prices accelerated at their fastest annual rate of the year in October”, says Brian D. Luke, Head of Commodities, Real & Digital assets at S&P DJI. Our National Composite rose by 0.2 percent in October, marking nine consecutive monthly gains and the strongest national growth rate since 2022…Each of our 10-city, 20-city and National Index, remain at all-time highs, with 8 of 20 cities registering all-time highs.”