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EmailCase-Shiller: Home prices continue their ascent in August
Average prices at their highest levels since 2003
August average home prices were up in 18 of the 20 cities measured by the Case-Shiller Home Price Indices from 2011, driving both composites to their highest points since the summer/fall of 2003. The 10-City Composite rose 1.3 percent and the 20-City Composite rose by 2 percent, according to the latest data released on Tuesday.
In addition, 18 of the 20 metros observed by Case-Shiller posted greater annual returns from July 2012. Phoenix continued to lead the growth spurt, displaying prices 18.8 percent higher than a year ago. August was the city’s fourth consecutive double-digit increase.
Atlanta (-6.1 percent), New York (-2.3 percent), and Chicago (-1.6 percent) were the only three metros to experience annual price drops in August.
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