Economy

Home prices rose 4.8% in July, according to Case-Shiller index 

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People wait to visit a house for sale in Garden City, Nassau County, New York, the United States, on Sept. 6, 2020.

Xinhua News Agency | Getty Images

Strong demand from homebuyers in July, coupled with rock-bottom mortgage interest rates, caused home prices to accelerate in major markets across the nation.

Nationally, home values rose 4.8% annually, up from a 4.3% gain in June, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.

The 10-City Composite annual increase showed a 3.3% gain, up from 2.8% in the previous month. The 20-City Composite rose 3.9% annually, up from 3.5% in June. Detroit was not included in the series, due to data collection issues, so it covered…



Source cnbc.com

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