Home Prices Up 5.5% in Sept

Home Prices jump 5.5% according to today’s S&P/Case Shiller Home Price Index report.

The S&P 20-city composite rose 5.5 percent year over year in September, compared with consensus estimates for a 5.2 percent rise.

In San Francisco the September home prices increased at the fastest pace, up 11.2 percent on the year, this was followed by Denver and Portland, Oregon, which turned in gains of more than 10 percent! All 20 cities surveyed reported higher prices than a year earlier. Read more