Home prices rose in October — 5th straight month

According to the Standard & Poor’s/Case-Shiller Home Price Index, home prices rose in October, marking the fifth month in a row they’ve done so — it’s up 3.4% from May (when it hit bottom).

That’s the good news. The bad news is that prices are still lower (7.3% lower) than they were a year ago.

The other bad news is that the Washington, D.C., metro area (the only one in or near Virginia the index tracks) is down 0.4% from September, after being up from August. On the other hand, D.C. is only down 2.8 percent over last year.


About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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