Growth in U.S. Home Prices Accelerated in June

Limited inventory and strong buyer demand are pushing up prices faster than wages

By Laura Kusisto | WSJ

Home price growth accelerated slightly in June due to upward pressure from limited inventory and strong buyer demand.

The S&PCoreLogic Case-Shiller Indices, which cover the entire nation, rose 5.8% in the 12 months ended in June, up slightly from a 5.7% year-over-year increase reported in May.

Home prices hit a record in September and the pace of growth has largely accelerated since then.

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