Pursuits
Fewer Housing Markets in the U.S. Have Double-Digit Price Gains
A man exits a model home at a development site in Albuquerque, New Mexico.
Photographer: Sergio Flores/BloombergThis article is for subscribers only.
Fewer U.S. housing markets are seeing double-digit gains in prices as affordability becomes more of a challenge in some areas.
In the second quarter, prices rose 10 percent or more from a year earlier in 25 metropolitan areas, down from 28 markets in the first quarter and 34 in the second quarter of 2015, the National Association of Realtors said Wednesday.