Home Prices See Annual Increase Of 19.1% In September

The price of homes in America recorded a 19.1% annual increase in September, as home and rental costs remain high across the country.

As reported by ABC News, “The S&P CoreLogic Case-Shiller 20-city home price climbed 19.1% in September from a year earlier. The strong price gains marked a deceleration from August’s 19.6% year-over-year increase. Still, September prices in all 20 cities set new records.”

Not all locations are seeing the same trends, as the market tends to vary in different areas. 

The outlet reported that Phoenix saw a 33.1% gain, with Tampa at 27.7%, and Miami was at 25.2%, with every one of the 20 cities showing gains in the double digits. Chicago and Minneapolis saw the least amount of increase — with Chicago at 11.8% and Minneapolis at a 12.8% increase. 

CNBC reported further, noting, “The 10-city composite rose 17.8% from a year ago, down from an 18.6% gain in August. The 20-city composite gained 19.1% year over year, down from 19.6% in the previous month.” – READ MORE