Home prices in September rose 5.6 percent year-over-year and remained almost unchanged—down 0.1 percent—from August 2014, according to the CoreLogic Home Prices Index (PDF file).
The slight dip between August and September will be reversed in October, which should see a 0.1 percent increase in home prices, according to the report.
"Home prices continue to rise compared with this time last year, but the rate of growth is clearly slowing as we exit 2014," said Anand Nallathambi, president and CEO of CoreLogic, in the report. "With more positive macro-economic trends emerging in the U.S., we are forecasting moderate price growth for 2015."
Home prices are expected to increase 4.6 percent by next September.
Home prices, including the gain in September, are still 12.6 percent below their peak in April 2006.
Only Colorado, Texas, Nebraska, South Dakota and North Dakota's home prices have returned to their peak values. They join 23 other states that are at or within 10 percent of their peak.
