The good news keeps coming for housing.
Miami area home prices rose 7.4 percent in September from a year earlier, according to the S&P/Case-Shiller Home Price Indices.
Home prices in Miami inched up 0.1 percent in September from August, the report, issued by S&P Dow Jones Indices, said. Seasonally adjusted, Miami posted a 0.3 percent gain in home prices in September from August.
Miami, which was among the hardest hit areas in the nation in the housing downturn, has shown price increases for 11 consecutive months, while nationally prices have been on a six-month streak of increases.
The national index showed a 3.6 percent gain in home prices for the third quarter compared with a year earlier.
Seventeen of 20 Metropolitan Statistical Areas, or MSAs, and both the 10-city composite and 20-city composite issued by S&P/Case-Shiller showed higher prices.
The report said Phoenix continues to be the top performer, with a 20.4 percent annual increase in home prices. Atlanta broke a 26-month streak of annual price declines, posting a 0.1 percent annual increase in home prices September, according to the Case-Shiller data.
Case-Shiller indexes are designed to show the price change of typical single-family homes in an area and nationally. Each index tracks matched price pairs for thousands of homes.
Case-Shiller: Miami, U.S. home prices up again
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Case-Shiller: Miami, U.S. home prices up again
