Enter to win every day in CTNOW's 21 Days of Summer Giveaways. Click here to see today's prize.
Topics

Homes

U.S. home prices rose at steady pace in March from year ago

U.S. home prices rose at steady pace in March from year ago

U.S. home prices rose at a steady pace in March, pushed higher by a limited supply of houses for sale. The Standard & Poor's/Case-Shiller 20-city home price index rose 5 percent in March from 12 months earlier, the S&P said Tuesday. Prices increased at the same pace in February. Home values are rising at a faster rate than incomes, potentially pricing many would-be buyers out of the market. Yet current increases have moderated from the double-digit gains of late 2013 and early last year. Higher prices have not yet convinced enough owners to list their homes for sale, which could limit purchases during the spring selling season. Would-be buyers have fewer homes to choose from,...

Loading
85°