Tight supply of homes for sale is pushing home prices ever higher again — with annual gains swelling in most major markets. Home values in October were 5.2 percent higher than October of 2014, according to the S&P/Case-Shiller National Home Price Index, which measures all nine U.S. census divisions. This is stronger than the 4.9 percent annual gain in September.
Price gains were even larger in the nation's top 20 housing markets, at 5.5 percent annually. San Francisco, Denver and Portland, Oregon, had the highest year-over-year gains, with all three showing home values in October 10.9 percent higher than one year ago. Twelve of the top 20 largest cities saw bigger annual gains in October than in September.