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Home prices jump 13.6%

January 3, 2014
NEW YORK (CNNMoney)

Home prices posted another big annual gain in October, although there are signs that 2013’s rapid rise in prices is close to topping out.

The closely-followed S&P/Case-Shiller home price index was up 13.6% compared to a year ago, the largest 12-month gain since early 2006, which was the height of the housing bubble. Prices have been improving at a faster annual rate every month for nearly two years. But with the prospect of rising mortgage rates, October prices were little changed from September.

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