Home Prices Rose in June
Home prices were 5.8% higher in June 2017 than in June 2016, according to the latest S&P/Case-Shiller U.S. National Home Price Index released Tuesday. Meanwhile, national price gains are speeding up; in May the index rose 5.7%. The price of a home has risen since the economy has grown in the past few years.
Zooming in on 20 of the largest cities in the nation, price gains were only slightly lower at 5.7% for June. Among the 20 cities Seattle reported the highest year-over-year gains with a 13.4% price increase. Portland and Dallas also experience higher than average price growth at 8.2% and 7.7%.