“High demand and a low supply is causing home prices in the US to soar. The S&P CoreLogic Case-Shiller 20-city home price index found that all 20 major cities experienced double-digit gains in October, with the overall index posting an 18.4% increase from a year prior. Housing prices increased at a slower pace than September’s 19.1% increase, but many are taking advantage of the low rates while they last.”
US Home Prices Rise 18.4% in October
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts