Home price indices continued to rise during the most-recent month. But one HPI indicated the rate of increase is slowing, while a forecast has a month-over-month dip ahead.
For September, the Case-Shiller 20-City Composite Home Price Index was determined to be 203.50. That was 0.4 percent higher than the preceding month.
The index, which is a measure of U.S. home prices based on a value-weighted average in 20 metropolitan areas, has gained 6.2 percent from the same month last year.
Source: Mortgage Daily