U.S. House Prices Ease 0.1% In September: CoreLogic

U.S. home prices slipped 0.1% in September, CoreLogic said Tuesday. The decline puts the year-on-year advance at 5.6%. "There has been a clear bifurcation in home price growth for lower-end versus upper-end properties in 2014," said Sam Khater, deputy chief economist at CoreLogic. "As of September, lower-end prices were up 9.4 percent but upper-end prices were up only 4.5 percent." Of the largest metro areas, Houston led the way with 9.9% year-on-year growth, while the once-hot-growing Phoenix area had just 2.8% growth.