By Jing Fu | NAHB
National home price appreciation continued in September, while local home prices grew at different rates. All of the 20 metro areas had positive annual growth rates.
The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 9.0% in September, faster than an 8.2% increase in August. It was the highest seasonally adjusted annual growth rate since October 2013. Tight inventory of existing homes is contributing to strong house price appreciation.