Living
Home Prices in U.S. Cities Jump at Fastest Pace Since 2014
- Surge in Case-Shiller index began in July with rates low
- Americans searching for houses drive pandemic rallly
Photographer: Charles Mostoller/Bloomberg
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Home prices in 20 U.S. cities surged in December, with low mortgage rates fueling the housing market.
The S&P CoreLogic Case-Shiller index of property values climbed 10.1% from a year earlier, beating the median estimate of 9.9% in a Bloomberg survey of economists. It followed a 9.2% gain in November and was the biggest jump since 2014.