Economics

Home Prices in 20 U.S. Cities Accelerate the Most Since 2018

Single-family homes with rooftop solar panels and backyard pools are seen in this aerial photograph taken over a Lennar Corp. development in San Diego, California, U.S., on Tuesday, Sept. 1, 2020. U.S. sales of previously owned homes surged by the most on record in July as lower mortgage rates continued to power a residential real estate market that’s proving a key source of strength for the economic recovery.Photographer: Bing Guan/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Craig Giammona

September 29, 2020 at 1:06 PM UTC

Updated on

September 29, 2020 at 1:41 PM UTC

This article is for subscribers only.

Home prices in 20 U.S. cities gained in July, pushed higher by demand for housing that has been fueled by low mortgage rates.

The S&P CoreLogic Case-Shiller index of property values increased 3.9% from 2019, beating the estimate of 3.6%. It was the biggest year-over-year increase since December 2018.