Pursuits
U.S. Home Prices Increased 5.9% in April From Year Earlier
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U.S. home prices rose 5.9 percent in April from a year earlier as job growth spurred competition for a limited number of listings.
Prices climbed 0.2 percent on a seasonally adjusted basis from March, the Federal Housing Finance Agency said in a report Wednesday from Washington. The average estimate of 20 economists was for a 0.6 percent gain, according to data compiled by Bloomberg.