House prices in the United States grew 2.6% in August compared to the same month the previous year, according to a report by S&P CoreLogic Case-Shiller on Tuesday. The figure was up from a growth of 1.0% reported in July.
The 10-city composite and the 20-city composite both posted a 3.0% and 2.2% year-over-year increase, respectively. The unadjusted US National Home Price NSA Index, the 10-city composite, and the 20-city composite all marked a 0.4% month-over-month increase in August.
The highest yearly price rises were recorded in Chicago, at 5%, New York, at 4.98%, and Detroit, at 4.8%.
