October home prices survey expected Tuesday morning, trend shows price gains levelling off

The Associated Press 0

WASHINGTON – Private data provider CoreLogic is scheduled to report on October home prices at 8 a.m. Tuesday.

The real estate data provider said last month that prices rose 0.2 per cent between August and September after a 0.9 per cent gain from July to August. The trend signals that the big price gains from the past year are beginning to level off, partly because of higher mortgage rates.

Still, home prices are up about 12 per cent year-over-year. The increase could encourage more sellers to put their homes on the market, easing a shortage of homes for sale.

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