US home prices jump by record amount in July

Mgn 1280x720 10525c00 XsjwzWASHINGTON (AP) — U.S. home prices soared in July from a year earlier by a record amount as buyers desperate for homes bid up prices amid a limited supply of available properties.

The S&P CoreLogic Case-Shiller 20-city home price index surged 19.9% in July compared with a year ago, the largest gain on records dating back to 2000.

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