US Home Prices Rise 10.9%, Most Since 2006

By: Associated Press Email
By: Associated Press Email

WASHINGTON (AP) - U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover.

The Standard & Poor's/Case-Shiller home price index released Monday also showed that all 20 cities measured posted annual gains for the third straight month.

And prices rose in 15 cities in March from February. That's up from only 11 in the previous month.

Annual prices rose in Phoenix by 22.5 percent, the biggest gain among cities. It was followed by San Francisco (22.2 percent) and Las Vegas (20.6 percent).

New York City had the smallest annual increase, at 2.6 percent. It was followed by Cleveland with 34.8 percent.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 209159431 - kolotv.com/a?a=209159431
Gray Television, Inc.