Home prices up annually but monthly gains continue to ease

US home prices rose 0.25% month-over-month in August, with annual growth at 3.7%, the fastest in 12 months. Despite slower monthly gains, prices remain stable due to strong homeowner equity and luxury market support. August marked the strongest buyer's market on record, with rising inventory and subdued demand. Metro results vary, with some cities seeing gains and others declines, influenced by local supply and demand balances.