August Home Prices in 20 U.S. Cities Appreciate at Faster Pace

October 27, 2015 1:01 PM

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Home prices in 20 U.S. cities rose at a faster pace in the year ended August, a sign the industry continues to strengthen on improving demand.

The S&P/Case-Shiller index of property values climbed 5.1 percent from August 2014 after rising 4.9 percent in the year ended in July, the group said Tuesday in New York. The gain was the biggest in a year and matched the median forecast of economists surveyed by Bloomberg. Nationally, prices increa...

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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