US home price growth surge at fastest rate in more than 30 years

Home price growth in the U.S. continued to heat up in June, setting a new record — yet again.

Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 18.6% annual gain in June, up from 16.8% in May — the highest rate in more than 30 years of data. It is the 13th consecutive month of accelerating prices and the third straight month in which the growth rate of housing prices set a record. The 20-City Composite posted a 19.1% annual gain, up…


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