Home prices rise for eighth straight month in September

U.S. home prices continued to march higher in September despite a spike in mortgage rates, locking many would-be homebuyers out of the housing market.

  General   Nov 28, 2023   0   32  Add to Reading List
Home prices rise for eighth straight month in September

Home prices rose for the eighth consecutive month in September as the housing affordability crisis continued to deepen. 

Prices increased 0.3% nationally in the period from August to September on a non-seasonally adjusted basis, the S&P CoreLogic Case-Shiller index showed Tuesday. 

On an annual basis, prices are up 3.9% from the same time last year.

"U.S. home prices continued their rally in September 2023," said Craig Lazzara, managing director at S&P DJI. "Our National Composite rose by 0.3% in September, marking eight consecutive monthly gains since prices bottomed in January 2023. 

This is a developing story. Please check back for updates.

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