With a 10.1% increase over last year, the Standard & Poor's/Case-Shiller Home Price Indices reported that the Denver MSA closed out August at a 146.95 level — another new high.The report's 10- and 20-city composites showed an overall 12.8% increase nationwide over last year, with a 2.9 percent gain in Las Vegas (its highest since 2004), closely followed by Detroit and Los Angeles, each showing a 2 percent gain. 

David M. Blitzer, chair of the Index Committee at the S&P Dow Jones Indices, observed that both the 10- and 20-city composites showed their highest annual increases since 2006. "And all 20 cities postesd positive year-over-year returns."

He added, "The monthly percentage change for the 20-city composite show the peak rate of gain in home prices was last April. Since then, home prices continued to rise, but at a slower pace each month." That is, except Denver and Phoenix, which each posted 20 consecutive annual increases. Read more...