Home prices rose 0.5% on an annual basis in August, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

In July, the index rose 5.9%.

The 10-city composite index grew 5.3% year-over-year, up from 5.2% the prior month, while the 20-city index grew 5.9% year-over-year, up from 5.8% in July.

“Seattle, Las Vegas and San Diego reported the highest year-over-year gains among the 20 cities, with year-over-year price increases of 13.2%, 8.6% and 7.8%, respectively,” according to a release.

Nine cities saw larger increases for the year ending August than in July.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.