Case-Shiller Home Price Index
The Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed that nationally there was an 8.4% annual gain in October, up from an already strong reading of 7.0% in September. The 20-city Index rose at the quickest pace in 6 years, rising from 6.6% to 7.9% year over year, with all of the cities showing strong gains. Phoenix, Seattle, and San Diego reported the highest annual gains among the 20 cities. Phoenix prices rose 12.7%, followed by Seattle with a 11.7% increase and San Diego with a 11.6% increase.