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US home prices up 6.6% in Q2 on shrinking supply

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Published Wed, Aug 23, 2017 · 09:50 PM

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HOME prices in the US increased 6.6 per cent in the second quarter from a year ago as buyers competed for a shrinking supply of listings.

Prices rose 1.6 per cent on a seasonally adjusted basis from the previous three months, the Federal Housing Finance Agency (FHFA) said in a statement on Tuesday.

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