Two new reports show that U.S. home prices continued their skyward vault in August, as supply shortages and strong demand combined to keep buying pressure elevated.
Single-family home prices across the United States rose at a record 19.84 percent annual pace in August, slightly above the July rate of 19.75 percent, according to the S&P CoreLogic Case-Shiller national composite home price index (pdf), released on Oct. 26. That’s the largest annual price gain in the 27-plus year history of the series.
