Dive summary:
- The monthly Standard & Poor's/Case-Shiller price index for houses in September found year-to-year increases in 17 of the 20 metropolitan areas it surveys as well as in its 10-city and 20-city indices.
- Case-Shiller's national index, reported as a quarterly number, was up 3.6% this year from the corresponding quarter last year.
- "Home prices rose in the third quarter, marking the sixth consecutive month of increasing prices," David M. Blitzer, Index Committee chairman of S&P Dow Jones Indices, said. "In September’s report, all three headline composites and 17 of the 20 cities gained over their levels of a year ago."
From the article:
Phoenix continues to lead the recovery with a +20.4% annual growth rate. Atlanta has finally reversed 26 months of annual declines with a +0.1% annual rate as observed in September’s housing data. ...