Home prices in September showed an annual gain of 6.2 percent, up from 5.9 percent in August and the fastest rate of growth since June 2014, according to the S&P CoreLogic Case-Shiller National Index.
The 10-City Composite increased 5.7 percent year-over-year in September, compared with 5.2 percent in August. The 20-City Composite posted a 6.2 percent gain in September, up from 5.8 percent in August.
The highest year-over-year gains were reported in Seattle, up 12.9 percent; Las Vegas, up 9 percent; and San Diego, up 8.2 percent.
“Home prices continued to rise across the country with the S&P CoreLogic Case-Shiller National Index rising at the fastest annual rate since June 2014,” said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in a statement. “Home prices were higher in all 20 cities tracked by these indices compared to a year earlier; 16 cities saw annual price increases accelerate from last month.”
The National Index posted a month-over-month gain in September of 0.7 percent. The 10- and 20-City Composites increased 0.6 percent and 0.5 percent month-over-month, respectively.
