Severe Thunderstorm Watch for Bell, Clay, Harlan, Jackson, Knox, Laurel, Leslie, McCreary, Pulaski, Rockcastle, Wayne and Whitley County until 11 p.m. While the worst of the weather held off this afternoon, it looks like we will still see some strong storms later tonight, generally between 8 p.m. and midnight. These storms will likely feature strong winds and hail, with heavy rain and an isolated tornado (mainly possible in the Cumberland Valley/I-75 corridor) being the secondary threats. Keep it locked here for the latest.
WASHINGTON (AP) - A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market.
Core Logic also says prices declined 0.2 percent in October from September, the second drop after six straight monthly increases. The monthly figures are not seasonally adjusted. The real estate data provider says the decline reflects the end of the summer home-buying season.
Prices rose compared with the previous year in all but five states, CoreLogic says.
Steady price increases are fueling the housing recovery. They encourage more homeowners to sell their homes. And they entice would-be buyers to purchase homes before prices rise further.