(See recent posts on Phoenix Case-Shiller Home Price Index.)

The S&P/Case-Shiller composite index showed a 2.4 percent year-over-year increase in the price of a single-family home based on prices of existing homes tracked over time in 10 metropolitan markets. That is below the 3.7 percent increase posted in September and the slowest since a 2 percent growth rate in February 1997.