National home prices continued to make gains, but the pace of appreciation is likely to moderate. While the biggest gains had been concentrated in the Northwest, other high-growth areas are emerging.

The Case-Shiller 20-City Composite Home Price Index, a measure of U.S. home prices based on a value-weighted average in 20 metropolitan areas, was 202.87 as of August.

Compared to one month earlier, the index moved up by 0.4 percent, while it has ascended 5.9 percent versus the same month a year earlier.

Source: Mortgage Daily