Home prices increased in October, and experts are beginning to fear 2018 could lock many potential buyers out of the housing market, forcing them to rent, according to the latest report released by S&P Dow Jones Indices and CoreLogic.
Home prices increased 6.2% annually in October, up from September’s annual increase of 6.1%, according to the latest S&P CoreLogic Case-Shiller Indices report.
The 10-City Composite increased 6% annually, up from its increase of 5.7% the month before and the 20-City Composite increased 6.4% year-over-year, up from an increase of 6.2% in September.