Rounds of heavy rain will begin to move into the area later tonight, leading to the increased potential for flooding. A Flood Watch is in effect for the entire area from now through Thursday and a Winter Storm Warning goes into effect tomorrow. As we head into Wednesday, temperatures will drop and transition our rain to sleet and eventually to snow. Most of the area could see several inches of snow and sleet before it's all said and done. Keep it locked right here for updates.
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.