Pursuits
Home Prices in 20 U.S. Cities Rose 5% in July From Year Earlier
U.S. Home Prices See Five Percent Gain in July
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Home prices in 20 U.S. cities continued to gain at a solid pace in July, according to S&P CoreLogic Case-Shiller data released Tuesday.
Steady price appreciation is keeping the housing market on a reassuring path at the start of the second half of 2016. The residential real estate market took a breather last month, with existing-home sales unexpectedly declining in August while purchases of new properties retreated from a nine-year high. Durable job gains and borrowing costs lingering near record lows should remain a support for potential home buyers.