By Jing Fu
Copyright © 2016, National Association of Home Builders
The Case-Shiller (CS) National Home Price Index, released by S&P Dow Jones Indices, continued to rise in October.
The CS Home Price Index rose at a seasonally adjusted annual growth rate of 10.7%, up from 10.1% last month. Due to tight inventory and high demand, house prices have accelerated since May and reached the pre-recession peak of 2006.
Along with the increases in national home prices, local home prices also increased in varying degrees in October.
All of the 20 metro areas had positive home price appreciation, ranging from 3.5% to 18.3%. Atlanta had the highest home price appreciation at 18.3%, while ... read the article at the NAHB website