Dive Brief:

• The Case-Shiller 10- and 20-Cities Composite Indices of home prices for August were 12.8% above August 2012, and that is the biggest year-to-year gain posted since February 2006.
• The month-to-month change from July was less than that from June to July for the composite, and monthly changes have been getting smaller since April.
• Denver and Dallas hit new high prices, and Charlotte, N.C., and Boston are with 8% to 9% of their all-time high prices.

Dive Insight:

Even with prices increasing a bit less in each recent month, they are still rising. However, Robert Shiller, co-founder of the indices, says houses are still affordable by standards of the past 50 years. He also said he does not see a bubble forming because a critical element of a bubble is people having unreal expectations, and he does not believe that is happening now like it did in the first years of the century.