New data from CoreLogic showed that housing prices in 20 U.S. cities rose to a record three-year high in September.
Seattle led the index data with a 12.9 percent increase in housing prices, along with Las Vegas at 9 percent, however, all 20 cities showed year-over-year gains, Bloomberg reports. Chicago and Washington had the slowest gains at 3.9 percent and 3.1 percent, respectively.
“Most economic indicators suggest that home prices can see further gains,” David Blitzer, chairman of the S&P index committee, said in a statement. “One dark cloud for housing is affordability -- rising prices mean that some people will be squeezed out of the market.”
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