US home prices continued to rise in October compared to the previous month, although in some cases not as much as expected, according to two key indexes. During the year, the increase is now substantial.
Nationwide, home prices rose 0.3 percent from the previous month, slightly less than expected, the Federal Housing Finance Agency (FHA) reported in New York on Tuesday. Economists had expected an average increase of 0.5 percent.
In September, prices rose a revised 0.7 percent (previously 0.6), according to the FHFA. Home prices rose 6.3 percent in October compared to the same month last year.
And 0.6 percent in urban areas
In the 20 largest U.S. metropolitan areas covered by the S&P/Case-Shiller index, home prices rose in October as expected by experts. Compared to the previous month, the increase was 0.6 percent, according to the S&P/Case-Shiller index released in New York on Tuesday. Economists expected this development.
Compared to the same month last year, prices increased by 4.8 percent. Analysts had expected 5.0 percent. The year-on-year increase is significant, as prices will initially remain at the same level until the end of 2022 were decreasing And the difference between today's level and the low point is even greater. (dpa-AFX)
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