August home prices showed an annual gain of 5.3 percent, up from 5.0 percent in July, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
August home prices showed an annual gain of 5.3 percent, up from 5.0 percent in July, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
The 10-City Composite in August posted a 4.3 percent annual increase, up from 4.1 percent in July. The 20-City Composite reported a 5.1 percent annual increase, up from 5.0 percent in July.
The highest year-over-year gains in August were recorded in Portland, 11.7 percent; Seattle, 11.4 percent; and Denver, 8.8 percent.
The National Index posted a month-over-month gain of 0.5 percent in August, while both the 10- and 20-City Composites recorded a gain of 0.4 percent.
“Supported by continued moderate economic growth, home prices extended recent gains,” said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in a statement.