The U.S. National Home Price Index rose 3.2 percent in the third quarter of 2013, according to the S & P/Case-Shiller Home Price Indices. In September, the 10- and 20-city composites gained 0.7 percent since August and 13.3 percent since September 2012. While 13 of 20 cities posted higher year-over-year growth rates, 19 cities had lower monthly gains in September than August.
The U.S. National Home Price Index rose 3.2 percent in the third quarter of 2013, according to the S & P/Case-Shiller Home Price Indices. In September, the 10- and 20-city composites gained 0.7 percent since August and 13.3 percent since September 2012. While 13 of 20 cities posted higher year-over-year growth rates, 19 cities had lower monthly gains in September than August.
"The National Index is up 11.2% year-over-year, the strongest figure since the boom peaked in 2006. The 10-City and 20-City Composites year-over-year growth at 13.3% was their highest annual numbers since February 2006," David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices, said in a statement.
