The S&P U.S. National Home Price Index recorded an annual home price increase of 5.2 percent in October, versus a 4.9 percent increase in September, according to S&P Dow Jones Indices.
The 20-City Composite gained 5.5 percent year-over-year in October, compared with 5.4 percent in September. The 10-City Composite increased 5.1 percent annually in October, versus 4.9 percent in September.
There was a three-way tie for highest annual increase among cities in the 20-City Composite. San Francisco, Denver and Portland all reported a year-over-year increase of 10.9 percent in October.
Month-over-month, the National Index rose 0.9 percent in October. The 20-City and 10-City Composites increased 0.8 percent. All 20 cities reported increases in October.
“Generally good economic conditions continue to support gains in home prices,” said David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, in a statement.
