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September 26, 2018

U.S. home prices rise at slowest pace in 10 months

  • Las Vegas, Seattle and San Francisco reported the biggest annual gains, with all three cities seeing double-digit increases.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — U.S. home prices rose in July at the slowest pace in 10 months as climbing mortgage rates become a more significant factor for a growing number of prospective buyers.

    The S&P CoreLogic Case-Shiller 20-city home price index increased 5.9 percent in July compared with a year earlier, down from a 6.4 percent annual gain the previous month.


     
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