U.S. home prices rose at steady pace in March from year ago Home prices Jeff Chiu / AP Home prices rose in March, the Case-Shiller index shows. This apartment and condominium complex is in San Francisco. Home prices rose in March, the Case-Shiller index shows. This apartment and condominium complex is in San Francisco. (Jeff Chiu / AP) By Associated Press Business U.S. home prices rose at a steady pace in March, pushed higher by a limited supply of houses for sale. Related
See all related8 The Standard Poor's/Case-Shiller 20-city home price index rose 5 percent in March from 12 months earlier, the S P said Tuesday. Prices increased at the same pace in February.Home values are rising at a faster rate than incomes, potentially pricing many would-be buyers out of the market. Yet current increases have moderated from the double-digit gains of late 2013 and early last year. Higher prices have not yet convinced enough owners to list their homes for sale, which could limit purchases during the spring selling season. Would-be buyers have fewer homes to choose from, which has sparked bidding wars in many cities. The median home sold in just 39 days in April, according to the National Association of Realtors, compared with 52 in March.At the current pace of sales, the supply of homes would last just 5.3 months, below the six months that is typical in a balanced market. The number of homes for sale fell 0.9 percent in April from a year earlier, the Realtors' group said last week.相关的主题文章：


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