The numbers: Home prices in the 20 biggest U.S. metropolitan areas lost more steam in September, buckling under the pressure of high mortgage rates and historic unaffordability. The S&P CoreLogic Case-Shiller 20-city house-price index rose 0.2% in September, compared with the previous month.

Key Takeaways Home prices rose 3.9% in September, a slowdown from the 4.3% price growth in August, according to a widely watched index.Annual price gains have fallen every month since February as high mortgage rates continue to push payments out of financial reach for many would-be buyers,

The Phoenix area’s year-over-year home price growth slowed in September compared to summer trends, according to a report.

S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released Oct. 29, 2024, shows annual home-price growth increased in August 2024 by 4.2 percent. That marks another new all-time high — the 15th consecutive one for the national index,