Economy

US Home Prices See Biggest Gain in 7 Yearsi
X
June 25, 2013 11:01 PM
A new report confirms U.S. home prices are on the rise. Of 20 major cities in the Standard & Poor’s/Case Schiller home price index - 12 posted double digit gains in April, compared to last year. Industry experts say prices will continue to rise due to smaller inventories but some say tight lending standards and rising interest rates could put a damper on the housing recovery. Mil Arcega has more for VOA.

US Home Prices See Biggest Gain in 7 Years

Published June 25, 2013

A new report confirms U.S. home prices are on the rise. Of 20 major cities in the Standard & Poor’s/Case Schiller home price index - 12 posted double digit gains in April, compared to last year. Industry experts say prices will continue to rise due to smaller inventories but some say tight lending standards and rising interest rates could put a damper on the housing recovery. Mil Arcega has more for VOA.


You May Like

Australia-Cambodia Resettlement Agreement Raises Concerns

Agreement calls for Cambodia to accept refugees in return for $35 million in aid and reflects Australia’s harder line approach towards asylum seekers and refugees More

India Looks to Become Arms Supplier Instead of Buyer

US hopes India can become alternative to China for countries looking to buy weapons, but experts question growth potential of Indian arms industry More

Earth Day Concert, Rally Draws Thousands in Washington

President Obama also took up the issue Saturday in his weekly address, saying there 'no greater threat to our planet than climate change' More