U.S. home prices continue upwards

Real Estate

WASHINGTON (AP) — U.S. home prices rose in April from a year earlier, lifted by bidding wars in many cities where would-be buyers fought over a sparse supply of homes.

The S&P CoreLogic Case-Shiller 20-city home price index moved up 6.6 percent from a year earlier, led by outsize gains in Seattle, Las Vegas and San Francisco. All three cities showed double-digit increases.

Seattle led the way with a 13.1 percent year-over-year price increase, followed by Las Vegas with a 12.7 percent increase and San Francisco with a 10.9 percent jump.

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