Home prices rise in 73% of U.S. metro areas, realtors say

By Prashant Gopal | Bloomberg

Home-price increases moderated in much of the U.S. in the third quarter as more properties came to the market and investor purchases declined.

The median price of an existing single-family home rose from a year earlier in 73 percent of the 172 metropolitan areas measured, the National Association of Realtors said in a report today. Sixteen areas had gains of 10 percent or more, compared with 54 areas in the third quarter of 2013. Prices declined in 47 regions.

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Home prices rise in 73% of U.S. metro areas, realtors say

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