Home prices in October increased by 0.5 percent, or 0.4 percent more than predicted, according to the new CoreLogic Home Price Index.
Whereas home price growth year-over-year in September was 5.6 percent, year-over-year growth in October was 6.1 percent.
Despite the higher-than-expected figures, home price increases are still 12.4 percent below their April 2006 peak. Prices are slowing down and will continue to slow down through the end of fall and into the winter, according to the report.
CoreLogic predicts the November results will show 0.2 percent month-over-month growth.
"Home price growth is moderating as we head into the late fall and is currently running at half the pace it was in the Spring of 2014," said Sam Khater, deputy chief economist for CoreLogic, in the report.
But home owners in more than half the country can expect prices in mid-2015 to reach or surpass levels last seen at the height of the housing bubble, said Anand Nallathambi, CEO, in the report.
