October Sees Further Decrease in Home Prices

October Sees Further Decrease in Home Prices

## FAQ

**Q: What is the S&P CoreLogic Case-Shiller Home Price Index reporting for October?**
A: Home price growth continued to slow in October, growing at a rate of 3.60% year-over-year.

**Q: How does the home price growth in October compare to previous months?**
A: The growth rate of 3.60% in October marks a decline from the 3.90% growth rate recorded in September.

**Q: Which metro areas saw the highest and lowest home price growth rates in October?**
A: The highest annual rate was in New York at 7.31%, while the smallest home price growth was seen in Tampa at 0.41%.

**Q: How does the Federal Housing Finance Agency Home Price Index differ from the S&P CoreLogic Case-Shiller Home Price Index?**
A: The FHFA Home Price Index reports national data as well as data by census division, while the S&P CoreLogic Index reports data for 20 metro areas.

**Q: Which census division had the highest year-over-year rate according to the FHFA Home Price Index?**
A: The Middle Atlantic division had the highest year-over-year rate at 6.95% in October.

## Conclusion

The latest data from the S&P CoreLogic Case-Shiller Home Price Index and the Federal Housing Finance Agency Home Price Index indicates a continued slowdown in home price growth in October. Despite all 20 metro areas reporting a home price increase compared to the previous year, the annual growth rate has been decreasing consistently. It is important to keep an eye on these trends to understand the dynamics of the housing market and make informed decisions.

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