Star Max Realty

Latest Real Estate News released an article stating that U.S. Home Price Growth Strengthened in October.

Home price growth gained strength in October, according to a report released Tuesday, even as more recent indicators suggest the pace of home sales has dramatically lost momentum as the year draws to a close.

The S&P/Case-Shiller Home Price Index covering the entire nation rose 5.2% in the 12 months ended in October, stronger than a 4.9% increase in September and among the largest increases all year.

But while price growth has remained fairly steady throughout the year, the pace of sales has continued to ricochet, in part because high prices have started to scare some buyers out of the market.

Other recent indicators show that the pace of home sales slowed considerably in October and November, which many economists blamed on rising prices.

To read the full article click this link: FULL ARTICLE

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