Home prices increased 19.1% year-over-year in October, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. It’s the fourth highest reading in 34 years of data, with the top three all recorded in the previous three months preceding October.
October’s annual home price gain declined from the 19.7% annual gain in September.
The 10-City Composite annual increase was 17.1% (down from 17.9% in September) and the 20-City Composite annual increase was 18.4% (down from 19.1% in September).
Among the 20 cities, the highest year-over-year gains were recorded in Phoenix, Tampa and Miami, which reported home price gains of 32.3%, 28.1% and 25.7%, respectively.