US home prices surge 18.4% in October

Thriving market: An advertising sign in front of a new home construction site in Northbrook. US home prices surged again in October as the housing market continues to boom. — AP.

THE United States 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.