Slow & Steady Gains For October’s Home Price Index

Home prices barely continued their slow and steady upward gains in October, according to Corelogic’s Home Price Index Report. Including distressed sales, the national home price rose just 0.2% from September, though year-over-year growth still charted at 12.5%. This yearly gain marks the 20th straight month of national prices increases.

The month-on-month deceleration is no surprise, considering the traditional winter real estate slowdown and the recent rise in mortgage rates. California, long a stranger to winter weather patterns, still managed a whopping 22.4% price appreciation year-over-year!

Dr. Mark Fleming, chief economist for Corelogic, cites the upside to the slowdown, pointing out that it “is positive for the housing market as almost half the states are now within 10% of their respective historical peaks.”

You know what they say about slow & steady…

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About the Author

Natalie Neith has 22 years of experience in Los Angeles real estate and is a consistent top producer for the John Aaroe Group. Accredited by the select Architectural Collection, Natalie is an expert in marketing historic and architecturally distinctive properties. From vintage mansions to contemporary condos to everything in between, she has sold hundreds of homes in the LA area, representing celebrity sellers, repeat customers, investors and first-time buyers alike.

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