Washington, DC CNN —US home prices continued to rise in August, hitting a new record high and marking the seventh consecutive month of increases.
Prices rose 0.9% in August from the month before, according to seasonally adjusted data from the S&P CoreLogic Case-Shiller US National Home Price Index released Tuesday.
Compared to a year ago, the national composite index also rose, with prices up 2.6% from August 2022, according to Case-Shiller data.
On a seasonally adjusted basis, prices increased in 19 of 20 cities in August — and Cleveland only missed by a hair.
Where prices are rising and falling the mostWhile 12 of the 20 cities reported higher prices in the year ending August 2023 versus the year ending July 2023, seven of 20 cities reported lower prices.
Persons:
”, Craig Lazzara, Dow, Charlotte ,, ” Lazzara, Lazzara
Organizations:
DC CNN, Dow Jones Indices, “, Cleveland
Locations:
Washington, Atlanta, Boston, Charlotte, Charlotte , North Carolina, Chicago, Detroit, Miami, New York, —, Las Vegas, West