US home prices rise year-over-year in line with forecast

By REUTERS
December 27, 2016 19:46

 
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US single-family home price increases accelerated modestly in October, in line with expectations, but rising mortgage rates in recent weeks could pose a risk for the sustainability of the gains, a survey showed on Tuesday.

The S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas rose 5.1 percent in October on a year-over-year basis, up from a downwardly adjusted 5.0 percent climb in September. October's result matched the estimate of 5.1 percent from a Reuters poll of economists.

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