U.S. home prices continued to escalate thanks to historically low interest rates and a persistently tight supply of properties for sale. Las Vegas and its host state saw the biggest gains.
A closely watched indicator of U.S. home prices, the S&P CoreLogic Case-Shiller Composite-20 Index, was reported Tuesday to be at 213.07 as of June.
Compared to one month earlier, the index ascended 0.5 percent. An even bigger gain was made versus one year earlier, with the index climbing 6.3 percent.
Source: Mortgage Daily