XLRE - Home Prices Surge Nationally Detroit Leads Major City Gains | Benzinga
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.9% annual change in September, up from a 2.5% change in the previous month.
The 10-City Composite showed an increase of 4.8%, up from a 3.0% increase in the previous month.
The 20-City Composite posted a year-over-year increase of 3.9%, up from a 2.1% increase in the previous month.
Detroit surpassed Chicago, reporting the highest year-over-year gain among the 20 cities, with a 6.7% increase in September, followed by a 6.5% increase in San Diego.
Three of the 20 cities reported lower prices in September versus a year ago.
Year-to-date, the National Composite shows a 6.1% increase, surpassing the median full calendar year rise recorded over more than 35 ...