Home Prices Rose More Than Expected in September

Just out from the Federal Housing Finance Agency, its House Price Index rose 1.7% in September against an expected rise of just 0.8%. More Housing news from Case-Shiller CoreLogic showed that its 20-City House Price Index rose by a greater-than-expected 1.27% in September and that took the year-over-year price gain to 6.57% versus a forecast of just 5.3%. The HPI for all of the U.S. rose by 6.96% year-over-year. Market reaction appears muted.