Updated Oct. 31, 2023 9:15 am ET
Home prices rose in August to a record high as a shortage of homes for sale kept the market competitive.
The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 2.6% from a year earlier in August, compared with a 1.0% annual increase the prior month. The August level was the highest since the index began in 1987.
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