Home prices rise in 11 of 20 metro areas, including Seattle
A closely watched home-price index released Tuesday showed that U.S. home prices rose for the fifth month in a row in October, but the...
A closely watched home-price index released Tuesday showed that U.S. home prices rose for the fifth month in a row in October, but the recovery continues to be uneven with only 11 of the 20 metro areas tracked showing gains.
Seattle-area home prices were up 0.2 percent in October from the month before, but down 12.4 percent from a year earlier, according to the Standard & Poor's/Case-Shiller index. Seattle-area prices had dropped 0.4 percent in September from the month before.
Nationwide, home prices edged up 0.4 percent to a seasonally adjusted reading of 145.36 in October from September. The index was off 7.3 percent from October last year, nearly matching expectations of economists surveyed by Thomson Reuters.
The index is now up 3.4 percent from its bottom in May, but still almost 30 percent below its peak in April 2006.