National Home Prices Increase 5.8 Percent in August

Home prices continued to tick upward in August, rising 5.8 percent year-over-year, according to the latest S&P CoreLogic Case-Shiller Index.

The year-over-year increase is a slightly lower than it was in July, when prices increased 6.0 percent year-over-year. It is the 12^th consecutive month of increased home prices across the country.

The 10-City Composite grew 5.1 percent (down from 5.5 percent in July), and the 20-City Composite grew 5.5 percent (down from 5.9 percent in July).

Las Vegas, San Francisco and Seattle reported the highest year-over-year gains in August, surging 13.9 percent, 10.6 percent and 9.6 percent, respectively.

The full Index report can be read here.