U.S. Home Prices Climbed 1.2% In August, CoreLogic Says
WASHINGTON (Marketwatch) -- U.S. home prices rose 1.2% in August to extend the 12-month gain to 6.9%, CoreLogic reported Tuesday. "Home price appreciation in cities like New York, Los Angeles, Dallas, Atlanta and San Francisco remain very strong reflecting higher demand and constrained supplies," said Anand Nallathambi, president and CEO of CoreLogic. Colorado and Washington state saw the fastest home-price growth, at 10.3%, while Mississippi was the only state where prices fell, down 0.9% in the 12 months to August. CoreLogic forecasts home price growth to slow to 4.3% in the 12 months through Aug. 2016, due to higher mortgage rates and more housing starts.
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