Home-price growth began accelerating in July, a sign that the slowdown in home prices caused by the coronavirus pandemic may be reversing.
The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 4.8% in the year ending in July. On a monthly basis,
prices rose 0.8 percentage points from June to July, after staying flat during the previous month.
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U.S. Home-Price Growth Picks Up Pace Amid Pandemic Buying Rush