U.S. home price increases slowed down in September compared with August, according to the S&P Home Price Indices.
U.S. home price increases slowed down in September compared with August, according to the S&P Home Price Indices.
The 10-City Composite gained 4.8 percent year-over-year, down from 5.5 percent in August. The 20-City Composite gained 4.9 percent year-over-year, compared to 5.6 percent.
The National Index posted a -0.1 percent change for the month. This was the first month-over-month decrease in the National Index since November 2013.
The Northeast region reported its first monthly negative return since December 2013 and its worst annual returns since December 2012 due to Washington D.C. and Boston, which saw -0.4 and -0.1 percent changes.
Still, other housing statistics paint a "mixed to slightly positive picture," said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in a statement. Housing starts are up, as are existing-home sales and builders' sentiment.
"With the economy looking better than a year ago, the housing outlook for 2015 is stable to slightly better," he said.