U.S. Home Prices Hit Record High in September

U.S. home prices hit a record high in September after rising for the eighth consecutive month, CNN reported.

Home prices posted a 3.9% annual gain in September, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The gain was up from a 2.5% year-over-year boost recorded in August.

The 10-City Composite recorded a 4.8% year-over-year increase (up from 3.0% in August), and the 20-City Composite had a 3.9% annual increase (up from 2.1% in August).

"U.S. home prices continued their rally in September 2023," stated Craig Lazzara, managing director at S&P DJI. "We've commented before on the breadth of the housing market's strength, which continued to be impressive. On a seasonally adjusted basis, all 20 cities showed price increases in September.”

Among the 20 cities, Detroit and San Diego reported the highest year-over-year home price gains, growing 6.7% and 6.5%, respectively. Home prices were at all-time highs in September in Atlanta; Boston; Charlotte, N.C.; Chicago; Cleveland; Detroit; Miami; New York and Tampa, Fla.

The full report can be found at this link.

Page 1 of 861
Next Page
Resource Book
Looking for a specific product or a company? Wood Floor Business has the only comprehensive database of the industry.
Learn More
Resource Book
Podcasts
All Things Wood Floor, created by Wood Floor Business magazine, talks to interesting wood flooring pros to share knowledge, stories and tips on everything to do with wood flooring, from installation, sanding and finishing to business management.
Learn More
Podcasts