residential home building

Home Prices Rise in 73% of U.S. Metro Areas, Realtors Group Says

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Home-price increases moderated in much of the U.S. in the third quarter as more properties came to the market and investor purchases declined. The median price of an existing single-family home rose from a year earlier in 73 percent of the 172 metropolitan areas measured, the National Association of Realtors said in a report today. Sixteen areas had gains of 10 percent or more, compared with 54 areas in the third quarter of 2013. Prices declined in 47 regions. Homebuyers are facing less compe

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