WZTV - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Home Prices Rise at Quickest Pace Since '06

Stream Fox 17 newscasts LIVE starting with Fox 17 This Morning at 5 am and News at 9 pm.

WASHINGTON (AP) -- U.S. home prices rose 12.8 percent in August from a year earlier, the fastest annual gain since February 2006.


   The Standard & Poor's/Case-Shiller 20-city home price index improved from July, when prices rose 12.4 percent from a year earlier. All 20 cities showed year-over-year gains.


   Prices in Las Vegas rose 29.2 percent from a year earlier, the fastest pace in the nation. But they are still 47 percent lower than they were before the housing market collapsed.


   Prices in the 20 cities rose 1.3 percent in August from July, down from a 1.8 percent monthly gain in July. Prices have continued to rise steadily but the rate of increase has been slowing.


Follow us on Twitter @wztv_fox17 and LIKE us on Facebook for updates.