Home Prices Rose 5.5% YOY in September, Says Case-Shiller
New York, NY, November 27, 2018-Home prices posted a 5.5% annual gain in September, down from 5.7% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
The Ten-City Composite annual increase came in at 4.8%, down from 5.2% in the previous month. The 20-City Composite posted a 5.1% year-over-year gain, down from 5.5% in the previous month.
Las Vegas, San Francisco and Seattle reported the highest year-over-year gains among the 20 cities. In September, Las Vegas led the way with a 13.5% year-over-year price increase, followed by San Francisco with a 9.9% increase and Seattle with an 8.4% increase. Four of the 20 cities reported greater price increases in the year ending September 2018 versus the year ending August 2018.
Before seasonal adjustment, the National Index posted a month-over-month gain of 0.1% in September. The Ten-City and 20-City Composites did not report any gains for the month. After seasonal adjustment, the National Index recorded a 0.4% month-over-month increase in September. The Ten-City Composite and the 20-City Composite both posted 0.3% month-over-month increases. In September, nine of 20 cities reported increases before seasonal adjustment, while 18 of 20 cities reported increases after seasonal adjustment.