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US home prices jumped in August by the most in 6 years as housing market steadily recovers

Posted on 03 October 2012

Mark FlemingA measure of U.S. home prices jumped 4.6 per cent in August compared with a year ago, the largest year-over-year increase in more than six years. CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 per cent in August from July, the sixth straight monthly gain.
Steady price increases, combined with greater home sales and rising builder confidence, suggest the housing recovery may be sustainable………………………………………..Full Article: Source


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