ML-Implode News - Home Prices in 20 U.S. Cities Rose at a Faster Pace in October, But Short of Expectations

The S&P/Case-Shiller index of property values climbed 5.5 percent from October 2014 after rising 5.4 percent in the year ended September, the group said Tuesday in New York. The median projection of 21 economists surveyed by Bloomberg called for a 5.6 percent advance. Nationally, prices rose 5.2 percent year-over-year.
A limited supply of properties for sale has helped prop up home values, boosting the household wealth levels of U.S. homeowners in the process. Faster wage growth and continued low borrowing costs will be needed to keep low-income and first-time buyers in the market and provide the next leg of growth in the housing recovery.

So prices probably rose just about at inflation (especially at the median level). In other words, we're not in another housing crash ... yet.

Relevant:

Home Prices in 20 U.S. Cities Rose at a Faster Pace in October, But Short of Expectations