Home Prices Continue to Decelerate

Home price growth continued to slow in September, growing at a rate just below 4% year-over-year. The S&P CoreLogic Case-Shiller Home Price Index (seasonally adjusted – SA) posted a 3.89% annual gain, down from a 4.28% increase in August. In addition to tracking national home price changes, the S&P CoreLogic Index (SA) also reports home price indexes across 20 metro areas. Compared to last year, all 20 metro areas reported a home price increase. There were 11 metro areas that grew more than the national rate of 3.89%. The highest annual rate was New York at 7.55%, followed by Cleveland at 7.13% and Chicago at 6.94%. The smallest home price growth over the year was seen by Denver at 0.22%, followed by Tampa at 0.99%, and Portland at 1.07%.
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