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BREAKING NEWS / URGENT: The State Supreme Court upholds Act 10, Voter ID, and the state's domestic partnership registry

MADISON, Wis (WSAU)  - The Wisconsin State Supreme Court upheld Act 10, the state law that limits the collective bargaining rights of state employees. The law from three years ago sparked protests at the state capital and led to the recall attempt against Governor Scott Walker. The court's ruling in favor of Act 10 was 5-2. Justice Michael Gableman wrote the lead opinion, which was also signed by Justices David Prosser, Pat Roggensack and Annette Ziegler. Justice Patrick Crooks concurre...

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Home prices post biggest jump in over six years: CoreLogic

A bank-owned property for sale sign in Arvada, Colorado June 23, 2009. REUTERS/Rick Wilking
A bank-owned property for sale sign in Arvada, Colorado June 23, 2009. REUTERS/Rick Wilking

NEW YORK (Reuters) - Home prices posted their biggest annual jump in more than six years in October in a sign the housing sector continues to recover, data analysis firm CoreLogic said on Tuesday.

CoreLogic's home price index rose 6.3 percent compared to October a year ago, the biggest increase since June 2006 and the eighth consecutive increase in home prices nationally on a year-over-year basis, CoreLogic said.

Home prices fell 0.2 percent in October from September but this was due to seasonal factors as the housing market enters the off season, CoreLogic said.

Excluding distressed sales, prices were up 5.8 percent on a yearly basis and rose 0.5 percent month on month.

Homeowners in danger of foreclosure, or in "distress", often sell their homes at a significantly reduced price.

"The housing recovery that started earlier in 2012 continues to gain momentum," said Mark Fleming, chief economist at CoreLogic, said in a statement.

Of the top 100 Core-Based Statistical Areas measured by population, 17 showed year-over-year declines in October, four fewer than in September.

(Reporting by Edward Krudy; Editing by James Dalgleish)

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