CEX NEWS reports that home prices in the 20 largest U.S. cities rose 0.3% month over month in August, marking the fifth consecutive monthly increase. They were up 2.7% year over year, with the 20-city composite home price index reaching a record high of 346.6 points. Home prices have risen a cumulative 56.5% since early 2019. Chicago posted a 6.7% year-over-year increase in August, leading the gains for the sixth consecutive month; New York and Cleveland rose 6.2% and 4.3%, respectively.