US home prices climb in October, helped by solid job market

WASHINGTON (AP) — Steady job growth, low mortgage rates and tight inventories helped fuel rising U.S. home prices in October.
The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.5 percent in the 12 months ending in October, up from a 5.4 percent pace in September, according to a report released Thursday.
Home values have climbed at a roughly 5 percent pace during much of 2015, as strong hiring has bolstered a real estate market still recovering from a housing bust