October pivotal in home price growth

house-up-graph-300x217By Laura Kusisto | The Wall Street Journal

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. Home price growth has steadily accelerated throughout 2015, underscoring that the housing market is returning to normal as the economy improves.

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