Regional Performance and City-Level Variations
The S&P CoreLogic Case-Shiller Index details regional performance, highlighting New York, Las Vegas, and Chicago as the leaders in annual price increases at 8.1%, 7.3%, and 7.2%, respectively. Denver showed the slowest annual growth, at just 0.7%, placing it below Portland for the first time since spring.
The 10-City and 20-City Composite indexes reported year-over-year gains of 6.0% and 5.2%, both down from previous months.
The FHFA House Price Index provides additional insights, with all nine U.S. census divisions showing positive annual growth. August’s monthly changes ranged from a 0.1% decline in the East North Central and New England divisions to a 0.9% increase in the West North Central division. Over the past year, the East North Central division led with a 6.3% gain, while the West South-Central division posted the slowest growth at 2.4%.
