WASHINGTON (AP) — U.S. home prices rose 12.1 percent in June from a year earlier, nearly matching a seven-year high. But monthly price gains slowed in most markets, a sign that higher mortgage rates may be weighing on the housing recovery.
WASHINGTON (AP) - U.S. home prices jumped 12.1 percent in April from a year ago, buoyed by strong demand and a limited supply of available homes. Strong gains in a wide range of cities point to a broad-based housing recovery.
The Standard & Poor's/Case Shiller index reports that national home prices increased 1.2 percent in July compared with the same month last year. That's the second straight year-over-year gain after two years without one.