U.S. June home prices rise at record annual pace -S&P/Case-Shiller
August 31, 2021 | Evan Sully | Reuters
(Reuters) -U.S. single-family home prices in 20 key urban markets rose in June from a year earlier at the fastest pace on record, a closely watched survey showed on Tuesday.
The S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas gained 19.1% through the 12 months ended in June from an upwardly revised 17.1% in the 12 months through May, marking the largest annual price increase in the survey’s two decades. A Reuters poll of economists had forecast an increase of 18.5%.
On a month-to-month basis, the 20-city composite index rose 1.8% from May, in line with estimates from economists polled by Reuters.
