SAN FRANCISCO - A research firm says a record number of million-dollar homes were sold in the San Francisco Bay Area during the second quarter, another sign that affording a place to live there is a growing challenge for anyone who isn't tied to the technology economy.
WASHINGTON - U.S. home prices rose in May from a year earlier at the weakest pace in 15 months, as home sales remain modest.
The Standard & Poor's/Case-Shiller 20-city home price index increased 9.3 per cent in May from 12 months earlier. That's down from 10.8 per cent in the previous month and the smallest annual gain since February 2013.
Yearly price gains slowed in 18 of the 20 cities. They accelerated in Charlotte, N.C., and were flat in Tampa, Fla.