Home Price Index Records 4.9% YOY Increase in September

New York, NY, November 24, 2015 – The S&P/Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, recorded a slightly higher year-over-year gain with a 4.9% annual increase in September 2015 versus a 4.6% increase in August 2015.

The 10-City Composite increased 5.0% in the year to September compared to 4.7% previously.

The 20-City Composite’s year-over-year gain was 5.5% versus 5.1% in the year to September.

After adjusting for the CPI core rate of inflation, the S&P/Case Shiller National Home Price Index rose 3% from September 2014 to September 2015.

San Francisco, Denver and Portland reported the highest year-over-year gains among the 20 cities with double-digit price increases of 11.2%, 10.9%, and 10.1%, respectively. Seventeen cities reported greater price increases in the year ending September 2015 versus the year ending August 2015. Phoenix had the longest streak of year-over-year increases, reporting a gain of 5.3% in September 2015, the tenth consecutive increase in annual price gains.