By Jann Swanson | Mortgage News Daily
Price gains since the recent low have increased faster and were less driven by inflation than prices during the housing boom of the last decade according to commentary in the S&P/Case Shiller Home Price Indices report. Home prices increased slightly more on an annual basis in August than they did in July on all three of the company’s Home Price Indices (HPI). The U.S. National HPI, covering all nine U.S. census divisions had the smaller increase, gaining one additional percentage point while the two city composites each were up by two.
