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AP National Business

US home prices register 19.1% annual gain in September

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Published 8:00 AM

By PAUL WISEMAN
AP Economics Writer

WASHINGTON (AP) — U.S. home prices rose briskly in September, another sign that the housing market is booming in the aftermath of last year’s coronavirus recession.  The S&P CoreLogic Case-Shiller 20-city home price climbed 19.1% in September from a year earlier. The strong price gains marked a deceleration from August’s 19.6% year-over-year increase. Still, prices in all 20 cities set new records in September. Phoenix was the nation’s hottest market, registering a 33.1% price increase. It was followed by Tampa (where prices rose 27.7%) and Miami (25.2%). All 20 cities reported double-digit increases. The smallest gains were in Chicago (up 11.8%) and Minneapolis (12.8%).

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