Home prices jump 18.4% in October

U.S. home prices have reported their fifth-largest annual gain on record after S&P CoreLogic Case-Shiller’s 20-city composite index surged 18.4% year-over-year in October. However, the figure marks a slowdown from the 19.1% year-over-year growth in September and came in below Refinitiv’s 18.5% growth estimate.  

In addition, Case Shiller’s national home price index, which covers all nine U.S. census divisions, reported a 19.1% annual gain in October, down from 19.7% in the previous month, while the 10-city composite increased 17.1% year-over-year, down from 17.9% in the previous month.

HOOVER, ALABAMA, REAL ESTATE: WHAT YOU CAN GET FOR $1M

Before seasonal adjustment, the U.S. national index posted a 0.8% month-over-month increase in October, while the 10-City and 20-City Composites both posted increases of 0.8%. After seasonal adjustment, the U.S. national index posted a month-over-month increase

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Social Security payments to jump most in 39 a long time as inflation surges

Thousands and thousands of retirees and other People in america receiving Social Stability added benefits in 2022 are established to get the biggest payment improve in 4 decades, following a pandemic-driven inflation spike.

The Social Safety Administration reported Wednesday that subsequent year’s charge-of-residing adjustment, or COLA, will be 5.9%. That quantities to a regular maximize of $92 for the ordinary retired Wednesday, bringing the total to $1,657, the administration said. A regular couple’s gains would climb by $154 to $2,754 for every month. 

This comes as the countrywide debt hovers at $28 trillion and the deficit sits at $3 trillion, for every the CBO, for fiscal 2021. 

The boost – the steepest once-a-year adjustment since 1982, when recipients saw a

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