Average Home Prices Rising: At Least from September to October

There is much chatter about “how slow the U.S. housing market is,” but consumers are still buying and selling, and that activity is keeping prices elevated in a lot of metro areas, according to a new report from Florida Atlantic University (FAU) and Florida International University (FIU).

Ken H. Johnson, Ph.D., a real estate economist at FAU, said in a joint FAU-FIU release that a U.S. housing correction has started, but the average home price increased between September and the end of October in 64 of the 100 largest housing markets, including Chicago, Dallas, Memphis, Philadelphia and San Jose, California.