Case-Shiller Indices Up in September, Momentum Slows

From DS News

Case-Shiller Indices Up in September, Momentum Slows

Despite another month of home price improvements, the housing sector faltered in September as prices increased in 13 of the 20 cities in the monthly Case-Shiller Home Price Indices, Standard & Poor's reported Tuesday.

The month-over-month September gain was weaker than in August when prices rose in all cities surveyed

The 10-city index increased 0.3 percent from August to 158.93, its highest level since September 2010.  The 20-city index also rose by 0.3 percent and reached its highest level in two years.

Economists had expected a slightly faster month-over-month improvement of 0.4 percent.

- sunil



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