September Home Prices Weaken

Prices in the Case-Shiller 20-City Composite Home Price Index weakened slightly in September, falling 0.6% from August.

Of the 20 cities included in the index, only New York, Portland and Washington DC saw increases from August.

The 1-year change from September 2010 was down 3.6%. Though both Detroit (up 3.7%) and Washington DC (up 1.0%) have posted yearly gains.