US home prices leapt in September by the most in 3 years - News Summed Up

US home prices leapt in September by the most in 3 years


U.S. home prices rose at the fastest pace in more than three years in September, lifted by a record-low supply of houses for sale. Home prices jumped 12.9 percent in Seattle, 9 percent in Las Vegas and 8.2 percent in San Diego. Las Vegas, one of the hardest-hit cities in the housing bust, has been making a comeback since prices bottomed out in 2012. Home prices rose in all 20 cities. The smallest gains were in Washington D.C., where prices rose 3.1 percent; Chicago, with a 3.9 percent gain; and Miami, at 5 percent.


Source: ABC News November 28, 2017 14:03 UTC



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