Growth in asking prices cooled down in October

Expanding inventory, rising mortgage rates and declining investor activity are reasons cited by Trulia as explanations for a slowdown in the pace at which asking prices for homes grew in October.

After adjusting for seasonal factors, asking prices for homes increased by 0.6 percent on average from September to October, the second-smallest gain in seven months. Looking back a year, asking prices were up 11.7 percent, the biggest annual bump seen yet during the recovery. Source: