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Home Prices See Meager Growth in Alternate October Index

While the ""S&P Case-Shiller Home Price Indices"":https://themreport.com/articles/home-prices-jump-136-in-october-2013-12-31 for October showed a significant 13.6 percent year-over-year leap, other measures saw more subdued gains for the month.


""Lender Processing Services'"":http://www.lpsvcs.com/Pages/default.aspx (LPS) monthly Home Price Index--released a day before the Case-Shiller figures--climbed to $232,000 in October, putting prices about 8.2 percent higher than they were at the start of 2013.

Annually, LPS' index was up approximately 8.8 percent, a minor increase compared to the annual improvement in the Case-Shiller index. Monthly, gains came to about 0.1 percent, also down relative to the Case-Shiller report.

Of the largest state markets, all posted a monthly gain of less than 1 percentage point, with Rhode Island topping out at 0.8 percent. Following that were Massachusetts, Georgia, and New York, which all saw 0.7 percent price increases.

The story was similar for price declines, with Oklahoma reporting the greatest monthly depreciation at -0.4 percent and New Mexico, Tennessee, and Washington all reporting -0.3 percent price changes.


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