August U.S. home prices see top gain in six years

U.S. home prices saw their biggest year-on-year jump in August in six years, more evidence that the market recovery has gained traction, a data provider said Tuesday. CoreLogic reported a 0.3% gain in prices in August, to take the year-on-year jump to 4.6%.The home price data released Tuesday is broadly confirmed by other, less current measures from S&P/Case-Shiller and the Federal Housing Finance Agency that show a slowly recovering picture after a housing bubble burst that left prices 27% below peaks, according to CoreLogic data.

MarketWatch

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