Home prices were up 4.3 percent in October from the same month a year before in the 20 major U.S. cities where the data are tracked, .
"Looking over this report, and considering other data on housing starts and sales, it is clear that the housing recovery is gathering strength," economist David Blitzer, , chairman of the Index Committee at S&P Dow Jones Indices, says in the report. "Higher year-over-year price gains plus strong performances in the southwest and California, regions that suffered during the housing bust, confirm that housing is now contributing to the economy."
The city-by-city changes in prices; October 2012 vs. October 2011:
Atlanta: 4.9 percent
Boston: 1.6 percent
Charlotte: 4.1 percent
Chicago:
-1.3 percent
Cleveland: 1.8 percent
Dallas: 4.6 percent
Denver: 6.9 percent
Detroit: 10.0 percent
Las Vegas: 8.4 percent
Los Angeles: 6.2 percent
Miami: 8.5 percent
Minneapolis: 9.2 percent
New York:
-1.2 percent
Phoenix: 21.7 percent
Portland: 5.2 percent
San Diego: 6.0 percent
San Francisco: 8.9 percent
Seattle: 5.7 percent
Tampa: 5.9 percent
Washington, D.C.: 4.4 percent
20-city composite: 4.3 percent
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