NEW YORK, Jan. 30 (Xinhua) -- U.S. home prices kept rising across the country in November, indicating that the housing sector continued its steady growth.
According to a fresh report released by S&P Dow Jones Indices Tuesday, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.2-percent annual gain in November, up from 6.1 percent in the previous month.
The 10-City Composite annual increase came in at 6.1 percent, up from 5.9 percent in the previous month, while the 20-City Composite increased 6.4 percent year-over-year, up from 6.3 percent in the previous month.
Seattle, Las Vegas and San Diego reported the highest year-over-year gains among the 20 cities. In November, Seattle led the way with a 12.7-percent year-over-year price increase, followed by Las Vegas with a 10.6-percent increase and San Francisco with a 9.1-percent increase.
After seasonal adjustment, the National Index recorded a 0.7-percent month-over-month increase in November. The 10-City and 20-City Composites posted 0.8-percent and 0.7-percent month-over-month increases, respectively.
"Home prices continue to rise three times faster than the rate of inflation," said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices.
"Looking across the 20 cities covered here, those that enjoyed the fastest price increases before the 2007-2009 financial crisis are again among those cities experiencing the largest gains," said Blitzer.
"San Diego, Los Angeles, Miami and Las Vegas, price leaders in the boom before the crisis, are again seeing strong price gains. They have been joined by three cities ... Dallas, Portland OR, and Seattle," said Blitzer.
