National home price appreciation stayed strong in September, regaining highs last seen at the peak of the housing bubble, according to a price index released Tuesday.
The S&P/Case-Shiller 20-City index was up 0.1% in the three months ending in September, and was 5.1% higher than a year ago. Case-Shiller’s national index rose 5.5% compared to a year ago, an acceleration from the 5.1% annual rise notched in August, to hit all-time highs.
As in past months, western metros were the strongest: Seattle prices rose 11% compared to a year ago, Portland prices were up 10.9%, and Denver saw price gains of 8.7%.
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There are some signs that higher prices are weighing on local markets. San Francisco, one of the highest-flying metros for the past few years, saw a monthly decline and a yearly gain that was far less than in past months. Seattle prices were unchanged for the month.
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