Jun
22
U.S. Home Prices Increased 5.9% in April From Year Earlier
ByU.S. home prices rose 5.9 percent in April from a year earlier as job growth spurred competition for a limited number of listings.
Prices climbed 0.2 percent on a seasonally adjusted basis from March, the Federal Housing Finance Agency said in a report Wednesday from Washington. The average estimate of 20 economists was for a 0.6 percent gain, according to data compiled by Bloomberg.
Values have increased steadily as buyers, bolstered by an improving labor market and easing mortgage standards, battle for a tight supply of homes on the market. Inventory at the end of April was down 3.6 percent from a year earlier, according to the National Association of Realtors…
U.S. Home Prices Increased 5.9% in April From Year Earlier
