Morning Minute: Case-Shiller reports higher U.S. home prices for August

U.S. home prices shot up in August with annual gains rising 12.8 percent, the highest since February 2006, according to the latest S&P/Case-Shiller home price index, Bloomberg reports. The index looks at prices in 20 U.S. cities, including Chicago.

The Chicago Tribune reports that while the Chicago area saw year-over-year increases of 8.7 percent in August, the month-to-month gains slowed a bit with a 1.6 percent gain compared to July.

In other headlines:

HUD, MBA leaders fight overcorrection in mortgage lending – HousingWire

Investors sit on the sidelines waiting for housing reform – HousingWire

Illinois home prices rise in September – WSOY

 

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