Home prices in the U.S. are still on the rise, but they are climbing more slowly than in months past. The S&P/Case Shiller Home Price Index showed August had the smallest year-over-year gains in nearly two years, gaining just 5.6 percent, that's down from a 6.7 percent gain in July and well below the increases market watchers saw in 2013. David Blitzer is the managing director and chairman of the S&P Dow Jones Index Committee. Blitzer says the slow but steady increases in home prices is a healthier approach for both homeowners and investors. Blitzer says south Florida, primarily the Miami market, is where he's seeing a lot of growth in housing price gains. Blitzer added that California's housing market remains a sore spot. TheStreet's Susannah Lee reports from New York.