Home prices surge 18.4% in October

U.S. home prices surged again in October as the housing market continues to boom in the wake of last year’s coronavirus recession. The S&P CoreLogic Case-Shiller 20-city home price index, out Tuesday, climbed 18.4% in October from a year earlier. The gain marked a slight decleration from a 19.1% yearover-year increase in September but was about in line with what economists had been expecting. All 20 cities posted double-digit annual gains.