Pursuits
August Home Prices in 20 U.S. Cities Appreciate at Faster Pace
- Fifteen of the 20 cities saw home values rise at faster rate
- Portland showed the biggest jump in property values from July
U.S. Home Prices Rise Amid August Market Turmoil
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Home prices in 20 U.S. cities rose at a faster pace in the year ended August, a sign the industry continues to strengthen on improving demand.
The S&P/Case-Shiller index of property values climbed 5.1 percent from August 2014 after rising 4.9 percent in the year ended in July, the group said Tuesday in New York. The gain was the biggest in a year and matched the median forecast of economists surveyed by Bloomberg. Nationally, prices increased 4.7 percent after a 4.6 percent advance in the 12 months through July.