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NJ Mortgage News: Fewer homes for sale pushes up US house prices in December

By CHRISTOPHER S. RUGABER
AP Economics Writer

WASHINGTON (AP) – U.S. home prices rose in December at a faster pace than the previous month, likely because of a much smaller number of homes for sale.

Summary of the Article

Home prices are rising faster than most Americans’ wages, slowing sales even as hiring strengthens, consumer confidence grows and mortgages stay …

Article

By CHRISTOPHER S. RUGABER

AP Economics Writer

WASHINGTON (AP) – U.S. home prices rose in December at a faster pace than the previous month, likely because of a much smaller number of homes for sale.

The Standard & Poor’s/Case-Shiller 20-city home price index, released Tuesday, increased 4.5 percent in December compared with 12 months earlier.

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first published: 2015-02-23 15:00:00[otw_is sidebar=otw-sidebar-10]