Soaring home prices set another record as the housing market keeps getting less affordable

• In August, home prices climbed a seasonally adjusted 0.68% from July, hitting a record high for the fourth consecutive month, per Black Knight.
• Prices in nearly half the nation's 50 largest markets climbed by 0.75% or more.
• "Even on a non-adjusted basis, August's gain of +0.24% was more than 60% larger than the 25-year average for the month."

Home prices climbed in August and hit a record for the fourth consecutive month, according to Black Knight data released Monday. 

Compared to July, home prices were up in August a seasonally adjusted 0.68%, and prices climbed in nearly half of the nation's 50 largest markets by 0.75% or more.