Home prices are on track to notch their first yearly gain since 2006, the strongest performance since the housing bust and a development that could accelerate the real-estate rebound even as the broader economy stutters, the Wall Street Journal. The Standard & Poor's/Case-Shiller 20-city index showed that prices rose by 4.3 percent from a year ago in October. Since January, prices are up 6.9 percent so far this year, the largest year-to-date gain since 2005. A separate index released Wednesday by Lender Processing Services Inc. showed that national home prices were up by 5.2 percent this year through October.
For more on the 20-city housing price index, see ABI's Chart of the Day:
http://news.abi.org/chart-of-the-day/cumulative-housing-price-declines-…