US Home Prices Rise 12.4 Pct., Most In 7½ Years - Spokane, North Idaho News & Weather KHQ.com

US Home Prices Rise 12.4 Pct., Most In 7½ Years

Posted: Updated:

WASHINGTON (AP) - U.S. home prices rose 12.4 percent in July compared with a year ago, the most since February 2006. An increase in sales on a limited supply of available homes drove the gains.
    
The Standard &Poor's/Case-Shiller 20-city home price index improved from a 12.1 percent year-over-year gain in June. And all 20 cities posted gains in July from the previous month and compared with a year ago.
    
Still, the month-over-month price gains shrank in 15 cities in July compared with the previous month, indicating prices may be peaking.
    
Home prices soared 27.5 percent in Las Vegas from a year earlier, the largest gain. San Francisco's 24.8 percent jump was the second largest and the biggest yearly return for that city since March 2001.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • WATCH: Cell Phone Video Of Sinking Ferry Released As 270 Are Still Missing

    WATCH: Cell Phone Video Of Sinking Ferry Released As 270 Are Still Missing

    Friday, April 18 2014 4:21 PM EDT2014-04-18 20:21:35 GMT
    MOKPO, South Korea (AP) - Searchers have now put markers on the surface of the water where the South Korean ferry went down. Part of the ship had remained above the surface until today, but now the entire vessel is submerged. They're continuing the effort to find some 270 people who are missing and feared dead.>>
    MOKPO, South Korea (AP) - Searchers have now put markers on the surface of the water where the South Korean ferry went down. Part of the ship had remained above the surface until today, but now the entire vessel is submerged. They're continuing the effort to find some 270 people who are missing and feared dead.
    >>
  • Man Identified In Fatal Crash Friday Morning On Bowdish Rd.

    Man Identified In Fatal Crash Friday Morning On Bowdish Rd.

    Friday, April 18 2014 4:13 PM EDT2014-04-18 20:13:11 GMT
    SPOKANE, Wash. - The man killed in an early morning crash on Friday has been identified as 34-year-old, Alejandro E. Apodaca. Just before 12:30, Apodaca crashed his car on S. Bowdish Rd. He was traveling South on Bowdish near 17th when he lost control of his car, uprooting a tree in the front yard of a home.
    >>
    SPOKANE, Wash. - The man killed in an early morning crash on Friday has been identified as 34-year-old, Alejandro E. Apodaca. Just before 12:30, Apodaca crashed his car on S. Bowdish Rd. He was traveling South on Bowdish near 17th when he lost control of his car, uprooting a tree in the front yard of a home.
    >>
  • At Least 13 Sherpas Dead As Avalanche Sweeps Mount Everest

    At Least 13 Sherpas Dead As Avalanche Sweeps Mount Everest

    Friday, April 18 2014 12:10 PM EDT2014-04-18 16:10:21 GMT
    KATMANDU, Nepal (AP) - A Nepalese tourism official says six local guides have been killed and nine more are missing after an avalanche swept a route used to ascend the world's highest peak. Nepal Tourism Ministry official Krishna Lamsal says the avalanche hit just below Mount Everest Camp 2 around 6:30 a.m. Friday.>>
    KATMANDU, Nepal (AP) - A Nepalese tourism official says six local guides have been killed and nine more are missing after an avalanche swept a route used to ascend the world's highest peak. Nepal Tourism Ministry official Krishna Lamsal says the avalanche hit just below Mount Everest Camp 2 around 6:30 a.m. Friday.
    >>
  • National NewsMore>>

  • Teen Suspended For Asking Miss America To Prom

    Teen Suspended For Asking Miss America To Prom

    Friday, April 18 2014 11:34 PM EDT2014-04-19 03:34:48 GMT
    YORK, Pa. (AP) — A Pennsylvania high school student is in hot water for asking Miss America to prom during a question and answer session at school. Eighteen-year-old Patrick Farves said he received three days of in-school suspension Thursday because he asked Nina Davuluri to prom.
    >>
    YORK, Pa. (AP) — A Pennsylvania high school student is in hot water for asking Miss America to prom during a question and answer session at school. Eighteen-year-old Patrick Farves said he received three days of in-school suspension Thursday because he asked Nina Davuluri to prom.

    >>
  • South Korean Ferry Captain Arrested As Hundreds Are Missing And Feared Dead

    South Korean Ferry Captain Arrested As Hundreds Are Missing And Feared Dead

    Friday, April 18 2014 4:38 PM EDT2014-04-18 20:38:53 GMT
    SEOUL, South Korea (AP) - South Korean news agency Yonhap reports that the captain of the South Korean ferry that sank two days ago has been arrested. Yonhap says 68-year-old Lee Joon-seok was detained early Saturday. The ship, the Sewol, sank Wednesday, leaving hundreds missing and feared dead.>>
    SEOUL, South Korea (AP) - South Korean news agency Yonhap reports that the captain of the South Korean ferry that sank two days ago has been arrested. Yonhap says 68-year-old Lee Joon-seok was detained early Saturday. The ship, the Sewol, sank Wednesday, leaving hundreds missing and feared dead.
    >>
  • WATCH: Cell Phone Video Of Sinking Ferry Released As 270 Are Still Missing

    WATCH: Cell Phone Video Of Sinking Ferry Released As 270 Are Still Missing

    Friday, April 18 2014 4:21 PM EDT2014-04-18 20:21:35 GMT
    MOKPO, South Korea (AP) - Searchers have now put markers on the surface of the water where the South Korean ferry went down. Part of the ship had remained above the surface until today, but now the entire vessel is submerged. They're continuing the effort to find some 270 people who are missing and feared dead.>>
    MOKPO, South Korea (AP) - Searchers have now put markers on the surface of the water where the South Korean ferry went down. Part of the ship had remained above the surface until today, but now the entire vessel is submerged. They're continuing the effort to find some 270 people who are missing and feared dead.
    >>