Economics

U.S. Home Prices Gain 19.7% in Another Record for Hot Market

Photographer: Johnny Milano/Bloomberg
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U.S. home prices surged 19.7% in July, once again posting the biggest jump in more than 30 years.

The record gain in the S&P CoreLogic Case-Shiller index of property values nationwide followed a 18.7% jump in June and was the 14th straight month of accelerating price increases.