Pursuits
Home Prices in 20 U.S. Cities Increased 5% in Year to July
- All 20 cities showed year-to-year gains, led by San Francisco
- Prices sped up in 14 cities, with biggest pickup in Boston
U.S. Home Prices Increase 5% in 20 Cities From July 2014
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Home prices in 20 U.S. cities rose 5 percent in July from the same month in 2014, propelled by improving demand and limited supply.
Year-to-year increases in the S&P/Case-Shiller index have hovered in a narrow range around 5 percent since February, indicating the rebound in residential real estate is stable. The median estimate of economists surveyed by Bloomberg called for a 5.2 percent year-over-year gain. Nationally, prices rose 4.7 percent over the 12-month period, the group said Tuesday in New York.