Home prices jump 12% - WALB.com, South Georgia News, Weather, Sports

Home prices jump 12%

By CHRISTOPHER S. RUGABER
AP Economics Writer

WASHINGTON (AP) - U.S. home prices rose 12.1% in June from a year earlier, nearly matching a 7-year high. But monthly price gains slowed in most markets, a sign that higher mortgage rates may be weighing on the housing recovery.

The Standard &Poor's/Case-Shiller 20-city home price index slowed only marginally from May's year-over-year gain of 12.2%, the fastest since March 2006. And all 20 cities posted gains from the previous month and compared with a year ago.

Home prices in Las Vegas posted the biggest increase, soaring 24.9% from a year earlier. Purchases by investors have helped drive that increase.

Still, 14 of the 20 cities posted smaller gains in June compared with May. That's unusual considering June is the middle of the summer buying season.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Second gang specialist testifies in double murder trial

    Second gang specialist testifies in double murder trial

    Thursday, May 25 2017 6:04 PM EDT2017-05-25 22:04:38 GMT

    There's new testimony coming out of a double murder trial. A gang specialist told jurors Thursday he associates one of the men on trial with a gang.  Desmond Warren and Harrell Lorenzo Hicks are on trial for the shooting that happen on Willard Avenue.

    More >>

    There's new testimony coming out of a double murder trial. A gang specialist told jurors Thursday he associates one of the men on trial with a gang.  Desmond Warren and Harrell Lorenzo Hicks are on trial for the shooting that happen on Willard Avenue.

    More >>
  • Heroes Among Us: Latresa Steward

    Heroes Among Us: Latresa Steward

    Thursday, May 25 2017 6:00 PM EDT2017-05-25 22:00:19 GMT

    Lieutenant Colonel Steward is an executive officer in the Marine Depot Maintenance Command. But her path to where she is now was nothing short of difficult.  

    More >>

    Lieutenant Colonel Steward is an executive officer in the Marine Depot Maintenance Command. But her path to where she is now was nothing short of difficult.  

    More >>
  • GA law enforcement agencies warn of boating, driving dangers ahead of Memorial Day

    GA law enforcement agencies warn of boating, driving dangers ahead of Memorial Day

    Thursday, May 25 2017 5:37 PM EDT2017-05-25 21:37:56 GMT
    (Source: WALB)(Source: WALB)

    "Come Saturday, there are going to be a lot of folks out on these waters," said Harris Blackwood, Governor's Office of Highway Safety Director.

    More >>

    "Come Saturday, there are going to be a lot of folks out on these waters," said Harris Blackwood, Governor's Office of Highway Safety Director. This weekend, lots of people will celebrate the Memorial Day holiday out on Lake Blackshear in Crisp County.

    More >>
Powered by Frankly