US home prices likely accelerated in September

Figures released by real estate data provider CoreLogic suggest that home selling prices in the twenty metropolitan areas covered by the more widely followed S&P/Case-Shiller (SPCS) survey climbed by 0.9% in September - the largest gain since last March. Before seasonal adjustment, home prices likely edged a more modest 0.5% higher during the reference period, placing the latest reading of 183.3 (January 2000 = 100) 5.7% above the level recorded in September 2014. 

"Our projection, if on the mark, would leave home prices approximately 13% below their pre-Great Recession high", says Societe Generale.

In the August report 12 of the metropolitan areas canvassed by SPCS posted price increases from July.