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.