US home prices were a tad stronger than anticipated in October

The latest CaseShiller housing price index of the 20-largest US cities showed prices up 1.3% year-over-year, just a shade above the +1.2% consensus but a deceleration from the +1.4% y/y reading in September.On a monthly basis, home prices rose 0.3%, beating the +0.1% consensus. The September reading was revised to +0.2% from +0.1%.A separate data set from the FHFA painted a similar picture with prices up 1.7% year-over-year nationally. That number was the lowest in 13 years.