Home Price Appreciation Strong In October

Home price appreciation showed unexpected strength in October, gaining 0.6 percent after no change in September. Analysts forecast a 0.2 percent rise for October.
The year-ago rate firmed to 4.5 percent from 4.4 percent in September.

Regionally, six Census regions reported gains in October while three declined.

Housing may be showing improved demand but this is just one month's report.

Recent History Of This Indicator:
The FHFA purchase only house price index slowed in September according to FHFA with a 0.0 percent posting, following rise of 0.4 percent in August. September fell well short of market expectations for a 0.4 percent boost. The year-ago rate softened to 4.3 percent from 4.7 percent in August. Regionally, five Census regions reported gains in September while three declined and one was flat.