Economics
Home-Price Gains Set Another Record, Fueled by Bidding Wars
- June’s 18.6% surge was biggest in more than 30 years of data
- With supplies tight, would-be buyers are getting squeezed out
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U.S. home prices once again jumped the most in more than 30 years.
The S&P CoreLogic Case-Shiller index of property values nationwide surged 18.6% in June from a year earlier, according to a statement on Tuesday. That followed a 16.8% gain in May and was the 13th straight month that price gains accelerated.