September National Home Price Index [HPI] increased 6.2% based upon the data from S&P CoreLogic Case-Shiller.

The HPI came in higher than expected for the month of September, extending the robust trend that has arrested the national real estate market for most of 2017. This is better than the 6.1% increase expected by economists in the Reuters poll.

This built a case for the current bullish trend to continue well into 2018. The 20-city key index also came in with a similar strong number of 6.2% for September, which is up from 5.9% reported in August 2017. For the city index, 13 of the 20 cities in the composite reported price increases in the year ending September 2017. Seattle, Las Vegas, and San Diego reported the highest year-over-year gains among the 20 cities.