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Economy

US home prices march upward as buyers fight over low supply

Updated : June 26, 2018 08:56 PM IST

The S&P CoreLogic Case-Shiller 20-city home price index moved up 6.6 percent from a year earlier, led by outsize gains in Seattle, Las Vegas and San Francisco. All three cities showed double-digit increases.
Prices rose even as home sales fell and mortgage rates climbed. Sales of existing homes dropped in April and May and are now running 3 percent below their year-ago level.
US home prices march upward as buyers fight over low supply

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