R.I. HPI increases 5.6% in Oct.

THE RHODE ISLAND home price index increased 5.6 percent year over year in October, 0.2 percentage points higher than the national average. / BLOOMBERG FILE PHOTO/DERICK E. HINGLE
THE RHODE ISLAND home price index increased 5.6 percent year over year in October, 0.2 percentage points higher than the national average. / BLOOMBERG FILE PHOTO/DERICK E. HINGLE
PROVIDENCE – The Rhode Island home price index increased 5.6 percent year over year in October, tied for the second highest HPI growth rate in New England along with New Hampshire, according to CoreLogic Tuesday. The United States HPI increased at a 5.4 percent year-over-year clip in October. “Rising prices and interest rates have reduced…

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