reported on Tuesday its Case-Shiller Home Price Index, which tracks home prices
in 20 U.S. metropolitan areas, rose 2.0 percent y-o-y in August, remaining the
same from the previous month. Economists had expected an advance of 2.1 percent
Phoenix (+6.3 percent y-o-y), Charlotte (+4.5 percent y-o-y) and Tampa (+4.3 percent y-o-y) recorded the highest y-o-y gains in August.
Meanwhile, the S&P/Case-Shiller U.S. National Home Price Index, which measures all nine U.S. census divisions, was up 3.2 percent y-o-y in August, up from 3.1 percent y-o-y in the previous month.
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