Home Prices See 4.2% Annual Gain in August

All of the major metro markets reported month-over-month home price increases in August, according to the S&P CoreLogic Case-Shiller Indices.

The U.S. National Home Price NSA Index had a 4.2% annual gain for August, down from a 4.8% annual gain in July.

The 10-City Composite had a year-over-year increase of 6.0%, and the 20-City Composite increased 5.2%.

New York reported the highest annual gain among the 20 cities, with an 8.1% increase in August, followed by Las Vegas and Chicago with increases of 7.3% and 7.2%, respectively. Denver held the smallest year-over-year growth of 0.7%.

The full report can be found here.

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