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