Home prices rising at fastest rate in years: Case-Shiller

Prices increased by 6.2 percent in September

TRD New York /
November 28, 2017 05:00 PM

Home prices are going up at their fastest rate in years, according to a new report

Home prices across the nation are increasing faster than they have since 2014, according to the S&P CoreLogic Case-Shiller Index.

Prices rose by 6.2 percent in September, which was slightly more than the 6.1 increase that economists polled by Reuters had predicted, according to CNBC.

Additionally, 13 out of 20 cities in the U.S. reported that prices had gone up in the year ending in September. The three reporting the highest increases were Seattle, Las Vegas and San Diego.

S&P Dow Jones indexes managing director David Blitzer told CNBC that the index is going up “at the fastest annual rate since June 2014,” and that it looks like home prices will continue to rise.

A previous Case-Shiller report showed that home prices in New York had picked up steam in March, following months of weak growth. [CNBC] Eddie Small

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