For the fourth month in a row, the Case-Shiller Home Price Indices reported that all 20 cities it tracks posted gains in July. Nationally, year-over-year gains in home prices were up 1.9% and 1.8% from June in the 10-city and 20-city composites. And 12-month prices were up overall 12.3% and 12.4% for the 10-city and 20-city composites, respectively. As of July, Case-Shiller reported, average home prices have returned to their Spring 2004 levels. 

Locally, the Denver area market was up 1.6% in July over June, with a 12-month change of 9.7%, and an index of 145.63. The report noted that although home prices in all the cities it tracks were up in July, Denver was one of the 15 cities that saw deceleration in July versus June. 

David M. Blitzer, chair of the Index Committee at S&P Dow Jones Indices, said, "Since April 2013, all 20 cities are up month to month. However, the monthly rates of price gains have declined. More cities are experiencing slow gains each month from the previous month, suggesting that the rate of increase may have peaked." Read more...