U.S. home price index rose 6.2% in SeptemberStaff 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
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. ■