Case-Shiller: Miami home prices up in September - South Florida Business Journal:

Miami home prices ticked up 0.05 percent in September over August, but remained down 16.2 percent, year-over-year, according to the latest

S&P Case-Shiller 20-city home price index.

The closely watched gauge of U.S. home prices rose 0.3 percent in September from August, the fifth straight monthly increase.

“We have seen broad improvement in home prices for most of the past six months,” said David M. Blitzer, chairman of the Index Committee at Standard & Poor’s, in a news release. “However, the gains in the most recent month are more modest than during the seasonally strong summer months. Fewer cities saw month-to-month improvements in September than in August in both seasonally adjusted and unadjusted figures.”

Las Vegas has some of the biggest housing drops, with a 28.6 percent fall, although Phoenix isn’t far behind, with a 21.8 percent drop.

No markets in the 20-city composite showed a housing price increase over the past 12 months.