BofA suggests pre-Covid price levels unlikely; major deflation requires historically painful recession.

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October home prices post biggest gain of 2023, despite higher mortgage rates, says S&P Case-Shiller

  • Home prices rose 4.8% nationally in October compared with October 2022, according to the S&P CoreLogic Case-Shiller home price index.
  • That’s a jump from the 4% annual increase in September and marks the strongest annual gain seen in 2023.
  • Among the top 20 cities, Detroit reported the largest year-over-year gain in home prices at 8.1% in October.

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