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

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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.

NJ Mortgage News: Fewer homes for sale pushes up US house prices in December
Reading Time: < 1 minute

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 …

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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]