U.S. home price growth picked up steam in June as strong demand continued to buoy the market.
The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.7% in the three-month period ending in June compared to a year ago, the same rate of change as in May. The national index rose 5.8% compared to a year ago, up from a 5.7% annual increase in May.
Nine cities had stronger annual price growth in June than in May, and western metros remained on top, with annual price gains ranging from 13.4% in Seattle to 7.7% in Dallas. Seattle pric…
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