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October 26, 2016

Seattle home prices up 11.4% in August

By CHRISTOPHER S. RUGABER
AP Economics Writer

WASHINGTON — U.S. home prices climbed at a solid pace in August as more home buyers competed for fewer available properties.

The Standard & Poor's CoreLogic Case-Shiller 20-city home price index rose 5.1 percent in August, after a 5 percent gain in July. Portland, Seattle and Denver reported the strongest year-over-year increases for the seventh month in a row, with gains of 11.7 percent, 11.4 percent and 8.8 percent, respectively.


 
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