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US home prices surge 6.2 percent, outpacing wage growth


WASHINGTON — U.S. home prices climbed a robust 6.2 percent from a year ago, Amid Strong Demand from would-be buyers and a shrinking supply of properties for sale.


Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index stood in October a solid 6 percent above its previous 2006 peak.


Prices are rising at more than double the pace of wage growth, creating some affordability pressures that have been offset by relatively low mortgage rates.


Metro areas with booming job markets and the steepest home price gains could see more residents staying as renters.


Bitcoin’s value drops as the cryptocurrency shows signs of a possible bust after a boom; Neflix’s blockbuster “Bright” gets dulled by negative reviews.




READ MORE (The Mercury News)


  • Home Prices in 20 US Cities Increase by Most Since 2014Investing.com
  • Dallas home prices up 7.1 percent from a year agoDallas News (blog)
  • This Week: Home prices, consumer confidence, jobless claimsSFGate
  • S&P CoreLogic Case-Shiller National Home Price NSA Index Continues Steady ...PR Newswire (press release)
  • CoreLogic Case-Shiller 20-City Composite Rises 6.4% YoYStreetInsider.com
  • US Home Prices Up 6.2 Percent Amid Strong Demand, Shrinking SupplyCourthouse News Service
  • S&P Corelogic Case-Shiller Home Price Index (HPI) Rises 6.2% Annually in OctoberPeople's Pundit Daily
  • Mortgage rates today, December 26, plus lock recommendationsThe Mortgage Reports (blog)
  • News Highlights: Top Global Markets News of the DayFox Business


This post first appeared on The 5th News, please read the originial post: here

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US home prices surge 6.2 percent, outpacing wage growth

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