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Home Prices Up

U.S. home prices were up 12.4% in August from a year ago. The prices have continued to rise due to more buyers bidding on a limited supply of houses. Real estate industry analyst CoreLogic says prices also showed a 0.9% gain in August from July. While positive, the growth has slowed slightly in recent months, likely due to higher mortgage rates and the end of the summer buying season. Prices rose in every state compared with the previous year, and in 99 of the 100 largest cities. Akron, Ohio was the only area to report a decline. For more, visit the News & Observer


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