Pace of U.S. home prices slowdown for third straight month in October

The S&P CoreLogic Case-Shiller Indices for the month of October released today, indicating that the pace of home price rises across the U.S. decelerated for the third straight month.

On a year-on-year basis, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, recorded a 5.5 percent annual rise in October, remaining the same from the previous month. The 10-City Composite annual rises came in at 4.7 percent, a slowdown from 4.9 percent in the prior month. The 20-City Composite recorded a 5 percent year-on-year rise, down from 5.2 percent in the prior month.

Among the 20 cities, Las Vegas, San Francisco and Phoenix recorded the highest year-on-year gains. In October, Las Vegas led the way, recording a 12.8 percent year-on-year rise, followed by San Francisco with a 7.9 percent rise in Phoenix with a rise of 7.7 percent.

Six of the 20 cities recorded greater price rises in the year ending October as compared with the year ending September 2018.

At 17:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was neutral at 37.6591. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex