Home Prices in 20 U.S. Cities Rise by Most Since Mid-2014
Photographer: Mike Kane/Bloomberg
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Home prices in 20 U.S. cities grew in February at the fastest pace since mid-2014, underscoring the persistent scarcity of inventory amid strong demand, according to S&P CoreLogic Case-Shiller data released Tuesday.
The data showed monthly gains in all 20 cities, including strong advances in expensive areas such as Seattle and Los Angeles, along with cheaper regions including Cleveland and Detroit. Sales are getting a boost from the strong labor market and borrowing costs that are still relatively low, though they’ve been edging up in recent weeks.