Home prices increased 2.6% year-over-year in August, up from a 1.0% annual increase in July, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
The 10-City Composite grew 3.0%, and the 20-City Composite increased 2.2%.
“One measure of the strength of the housing market is the relationship of current prices to their historical levels,” stated S&P’s Craig Lazzara. “On that dimension, it’s worth noting that the National Composite, the 10-City Composite, and seven individual cities (Atlanta, Boston, Charlotte, Chicago, Detroit, Miami and New York) stand at their all-time highs.”
The full report can be found here.
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