Home prices in 20 U.S. cities increase by most since 2014

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The United States is facing an affordable housing crisis.. as spending 30 percent or more of their income on rent), compared with 20 percent in 1960.. Here are the main factors driving up the cost of housing. Another factor is the increased price of undeveloped land in and around urban centers, where.

"The demand for buying a home is as strong as it has been since before the Great Recession," said nar chief economist lawrence yun.. 19 cities saw a median home price increase of more than 14%.

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Over the past year, it dropped 2.7 percent, the largest annual decline since November 1974, underscoring the impact of the expiration of the payroll tax break, the increase. home prices in 20 U.S..

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Home prices in 20 U.S. cities rose at a faster pace in the year ended November, underscoring the shortage of supply amid steady demand. The S&P/Case-Shiller index of property values in 20 cities increased 5.8 percent from a year earlier, the biggest advance since July 2014, a report from the group showed Tuesday in New York.

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Real Estate Valuations Case Shiller: Home prices rise at fastest pace since 2014 All top 20 U.S. cities see increases

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The 20-city property values index increased 6.4% year-to-year (the estimate was 6.3%), the biggest gain since July 2014. The national home-price gauge rose 6.2% year-to-year, the most since June 2014. The seasonally adjusted 20-city index advanced 0.7% month-to-month (the estimate was 0.6%).

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Home-price gains in 20 U.S. cities decelerated in April for a 13th straight month to the weakest pace since 2012, indicating further moderation in the housing market, particularly in once-hot West Coast areas. The S&P CoreLogic Case-Shiller index of property values increased 2.5% from a year earlier, matching estimates, following 2.6% in March.