U.S. home prices fell for the fourth consecutive month in October as a mix of higher interest rates, elevated inflation, and low housing inventory weighed on the real estate market.  
The S&P CoreLogic Case-Shiller 20-city home price index in the United States (pdf) tumbled 0.8 percent month-over-month. Compared to the same time a year ago, home prices advanced 8.6 percent, the lowest growth rate since October 2020.  
The U.S. National Index also slumped 0.5 percent in October.  
“As the Federal Reserve continues to move interest rates higher, mortgage financing continues to be a headwind for home prices,” said Craig Lazzara, managing director at S&P Dow Jones Indices, in a statement. “Given the continuing prospects for a challenging macroeconomic environment, prices may well continue to weaken.”…