Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 19.5% annual gain in September, down from 19.8% from August. The 20-City Composite posted a 19.1% annual gain, down from 19.6% a month earlier. The 20-City results came in lower than analysts’ expectations of a 19.3% annual gain, according to Bloomberg consensus estimates.
Existing home sales rose 0.8% to a seasonally adjusted 6.34 million units in October from a month earlier, according to the National Association of Realtors (NAR). The results were better than analyst expectations of a 1.8% decline, according to Bloomberg consensus estimates.
Pending home sales, a leading indicator of the health of the housing market, fell in September, reversing an increase a month earlier.