Home prices across the U.S. rose in October, but at a slower rate than in September, according to the S&P/Case-Shiller Home Price Indices released Tuesday.
The 10-City Composite gained 4.4% year over year in October, down from 4.7% in September, while the 20-City Composite gained 4.5%, compared with a 4.8% gain in September.
Eight cities, however, did experience faster price rises, data showed.
The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, saw an annual gain of 4.6% in October, versus 4.8% in September.
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Over the last 12 months, Miami and San Francisco experienced price rises of 9.5% and 9.1%, according to the report. Las Vegas led the declining annual returns with a decrease of 1.2%.
Mixed October Figures
The National and Composite Indices were both slightly negative in October — the 10- and 20-City Composites were down by 0.1% from September and the National Index by 0.2%.
Eight cities saw prices rise faster October than a month earlier, while 10 cities recorded lower monthly figures and two — Detroit and San Diego — were flat for the month.