Today's release of the S&P/Case-Shiller (CSI) home price indices for July reported that the non-seasonally adjusted National index increased from June with prices rising 0.72% while the non-seasonally adjusted Composite-10 city index increased 0.59% and the Composite-20 city index increased 0.64% over the same period.
On an annual basis, the National index increased 4.69% above the level seen in July 2014 while the Composite-10 city index increased 4.55% and the Composite-20 city index increased 4.96% over the same period.
On a peak basis, all three indices still show significant peak declines slumping 5.15% for the National index, -13.01% for the Composite-10 city index and -11.92% for the Composite-20 city index on a peak comparison basis.