For additional information relating to this article, please contact:
October 28, 2014US S&P/CASE-SHILLER HOME PRICE INDICES, AUGUST 2014 Data through August 2014, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that the Composite 10-City and Composite 20-City indicators decreased by 0.2 and 0.1 percent respectively, on a month to month comparison (seasonally adjusted). Increases in US home prices have slowed over the past six months and have been in decline since May.
On a year-over-year basis the 10-City and 20-City Composites recorded 5.5 and 5.6 percent gains. On a city by city basis, Miami showed the highest year-over-year increase (+10.5%), followed by Las Vegas (+10.1%). While continuing to show positive year over year gains, Cleveland showed the smallest price increase over August 2013 at 0.8 percent.
Source:
S&P Down Jones Indices