US Home Prices Eases to a 19.5% Gain in September

Source: S&P Dow Jones Indices

The US home price index that covers its nine census divisions rose by 19.5% in September from the prior year, down from a 19.8% increase in August. SPY is down -0.50%, DXY is down -0.57%.

• The 10-City Composite home prices increased by 17.8% from the last year, a decline from the 18.6% gain in August. The 20-City Composite prices increased by 19.1% from the prior year, down from August’s 19.6% jump. 
• The highest annual increases in house prices among the 20-City Composite in September were Phoenix, Tampa, and Miami, at 33.1%, 27.7%, and 25.2%, respectively.
• Six of the 20-City Composite had annual increases in house prices in September from August.