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U.S. home price index rose 6.2% in September

Staff Writer | November 28, 2017
A major gauge of home prices in the United States rose 6.2 percent in September, fueled by a strong economy and dwindling inventories, according to Standard and Poor's data.
America   Atlanta rose the most
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported the monthly rise on an annualized basis. In August, it rose 5.9 percent in the national survey.

In a 20-city composite, the index also rose 6.2 percent, compared with 5.8 percent the previous month, and the largest uptick since July 2014.

All of these cities showed year-over-year gains and 13 cities reported higher prices in September than August.

Reporting the highest yearly gains were Seattle at 12.9 percent, Las Vegas at 9.0 percent and San Diego at 8.2 percent. The slowest gains were in Washington, D.C., at 3.1 percent and Chicago at 3.9 percent.

In month-over-month gains, Atlanta rose the most, at 1.3 percent, followed by San Francisco, at 1.1 percent.