Home Price Gains Continued in July

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index in July rose 5.1% from a year earlier, up from 5.0% in June. The 10-City Composite posted a 4.2% annual gain, down from 4.3% the previous in June, while the 20-City Composite rose 5.0% year-over-year, down from 5.1% in June.

Among urban areas, Portland, Seattle and Denver reported the highest annual gains, up 12.4%, 11.2%, and 9.4%, respectively. Price increases were higher than the previous year in nine of the 20 cities. For July alone, seasonally adjusted prices rose in 12 cities, fell in six, and were unchanged in two.