US Home Prices Surge 17% in May, Fastest in 17 Years

Automatic TRANSCRIPT

Home prices in the U. S. post their biggest increase in seventeen years a surging demand for housing push home prices in may up seventeen percent from a year earlier the biggest increase since August two thousand four that follows a fifteen percent increase in April the supply of homes has been limited with many Americans reluctant to put their properties on the market the hottest markets in may were Phoenix where prices surged nearly twenty six percent from twelve months earlier San Diego up almost twenty five percent in Seattle up twenty three percent from last year my camp in Washington

Coming up next