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April 2, 2014

Existing home prices rose 12% in February despite slower sales

  • States with the biggest price gains were: California, 19.8 percent; Nevada, 18.5 percent; and Georgia, 14.2 percent. No states posted a drop in home prices.
    • By CHRISTOPHER S. RUGABER
    AP Economics Writer

    WASHINGTON — U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales.

    Real estate data provider CoreLogic said Tuesday that prices for existing homes rose 12.2 percent in February from a year ago. That was up slightly from January's year-over-year pace of 12 percent.


     
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