Home Prices Gain Across the Board


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Blitzer says that compared to rents, housing prices are “far more volatile.”

NEW YORK CITY—Increases in home prices accelerated in September compared to August, S&P Dow Jones Indices said Tuesday. All three of the S&P/Case-Shiller Home Price Indices recorded slightly larger year-over-year gains than their counterparts the month before, as did 17 of the 20 cities in the 20-City Composite index.

The indices were also up on a month-over-month basis, with the National Home Prices Index posting a seasonally adjusted gain of 0.8%, while the 10-City and 20-City Composites both rose 0.6% from August. Prices were up from the month prior in all but one of the 20 cities. None of the cities saw a month-to-month decline.

San Francisco, Denver and Portland reported the highest Y-O-Y gains among the 20 cities, with price increases of 11.2%, 10.9%, and 10.1%, respectively. Phoenix has seen the longest streak of Y-O-Y increases, reporting a gain of 5.3% in September 2015, its tenth consecutive increase in annual price gains…

Home Prices Gain Across the Board

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