Dive Brief:

• Home prices rose by 5.6% between September 2013 and September 2014, but dropped slightly from August’s levels, according to a new survey.

• Prices have increased from their year-earlier levels for 31 months in a row, according to CoreLogic’s home price index, released this week.

• The year-over-year increase indicates that the housing market is continuing to recover, economists said. But the pace of price increases is “clearly slowing,” they said.

Dive Insight:

Home prices—excluding distressed sales--increased from year-ago levels in August in every state except Mississippi.

“Home prices continue to rise compared with this time last year but the rate of growth is clearly slowing as we exit 2014,” Anand Nallathambi, president and CEO of CoreLogic, said in a news release. “With more positive macro-economic trends emerging in the U.S., we are forecasting moderate price growth for 2015.”