Home Prices in US Hit Record High, Erasing Recent Decline
- Buyers are fighting over a limited supply of homes for sale
- Prices have gained 5.3% so far this year through July
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Home prices in the US climbed to a record high as the market bounces back.
A national gauge of prices rose for a sixth straight month, increasing 0.6% in July from June, according to seasonally adjusted data from S&P CoreLogic Case-Shiller. So far this year, the national measure has climbed 5.3%.