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Home Prices Climb as Supply Dwindles  

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Wed, 08 Aug 12 6:57 PM | 33 view(s)
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Home Prices Climb as Supply Dwindles

By NICK TIMIRAOS

Home prices rose by their largest percentage in at least seven years during the second quarter, propelled by low inventories of properties for sale and high demand for bargain-priced foreclosures, according to two reports Tuesday.

Prices rose by 2.5% in June from a year ago, and by 6% from the previous quarter, said CoreLogic Inc., a Santa Ana, Calif., data firm. The quarterly jump was the largest since 2005

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http://online.wsj.com/article/SB10000872396390444246904577575072488703032.html




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