Home Prices in US Rise for Fourth Month With Inventory Tight
- Data bolsters case that January was final month of declines
- ‘Strength’ of May data bodes well for future, Lazzara says
Houses in Watford City, North Dakota.
Photographer: Andrew Burton/Getty ImagesThis article is for subscribers only.
Home prices in the US climbed for a fourth month as demand coupled with tight inventory to push values higher.
A national gauge of prices rose 0.7% in May from April, according to seasonally adjusted data from S&P CoreLogic Case-Shiller.