The S&P CoreLogic Case-Shiller US National Home Price NSA Index has reached its second consecutive all-time high, S&P Dow Jones Indices said Tuesday. The index of 185.06 for the month of October surpasses the previous peak of 184.8 set the month before.
The National Index, the 10-City Composite Index and the 20-City Composite Index all posted higher annual increases in October than they did in September. The year-over-year gains were 5.6%, 4.3% and 5.1%, respectively, up from the previous month's annual increases of 5.4%, 4.2% and 5.0%, respectively.
Although the National Index is at an all-time high, the composite indices both continue falling short of their previous peak. Measured from their June/July 2006 peaks, the peak-to-current decline for the 20-City Composite and 10-City Composite is 7.1% and 9.2%, respectively, according to S&P Dow Jones Indices.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
