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US Home Prices Continue to Climb

Published by: Dave Simmons on 29th Sep 2015 | View all blogs by Dave Simmons

US Home Prices Continue to Climb

US home prices continued to pick up in July, according to a national index of values released Tuesday. The Standard & Poor's / Case-Shiller 20-city home price index showed a 5 percent year-over-year jump, which was slightly higher than the previous month's 4.9 percent increase. The index showed rising prices in each of the 20 cities it tracks, led by a 10.4 percent surge in San Francisco and a 10.3 percent uptick in Denver. Improving wages and a steady economy have convinced more Americans to buy homes, prompting sales to reach an 8-year high in July.

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