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U.S. home prices rise 10.1% in December, fastest since 2014

www.clickorlando.com

WASHINGTON – U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs.

The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1% in December from a year earlier.

The year-end jump was the biggest since April 2014 and follows a strong 9.2% year-over-year gain in November. Home prices climbed 14.4% in Phoenix , 13.6% in Seattle and 13% in Seattle in December.

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