Pursuits
Home Prices in 20 U.S. Cities Increase 5.5 Percent in Year to September
- Year-over-year gain in values was biggest since August 2014
- San Francisco, Denver show strongest price appreciation
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Home prices in 20 U.S. cities climbed more than forecast in September from the same month last year, signaling residential real estate is sustaining momentum.
The 5.5 percent increase in the S&P/Case-Shiller index of property values was the biggest year-over-year gain since August 2014 and followed a 5.1 percent advance in the previous month, the group said Tuesday. The median estimate of economists surveyed by Bloomberg called for a 5.2 percent increase. Nationally, prices rose 4.9 percent.