U.S. HOME PRICES HIT RECORD HIGH IN JUNE

Key Points:

  • U.S. home prices rose to record highs in June.
  • The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 18.6% in the year that ended in June.
  • The 20-City Composite posted a 19.1% year-over-year gain, up from 17.1% in the previous month.
  • June marked the highest annual rate of price growth since the index began in 1987.
  • The median existing-home sales price in July rose 17.8% from a year earlier to $359,900, the National Association of Realtors said earlier this month.
  • The Right Facts will continue to monitor home prices.