U.S. home prices increased 1.4% on an adjusted basis during August compared with July and were up 19.8% compared with August 2020, according to the S&P CoreLogic Case-Shiller home price index.
The index’s 10-city and 20-city composites – measuring home price growth in the largest U.S. cities – posted monthly adjusted increases of 0.9% and 1.2%, respectively.
Without seasonal adjustment, home prices were up 1.2%, month-over-month.
Phoenix, San Diego, and Tampa reported the highest