abc
QUICK LINKS:

US Home Price Gains Slow for Third Straight Month

Created: 04/29/2014 11:08 AM WDIO.com

WASHINGTON (AP) - U.S. home price gains cooled in February for the third month in a row, as harsh winter weather and high buying costs have slowed sales.

The Standard & Poor's/Case-Shiller 20-city home price index rose 12.9 percent in February compared with 12 months earlier. While healthy, that is down from a 13.2 percent gain in January.

And home prices fell in 13 of the 20 cities in February compared with the previous month. The index is not adjusted for seasonal variations, so those declines partly reflect weaker sales in the winter.

In addition to bad weather, sales have also been held back by a limited supply of available homes, which has forced potential buyers to bid up prices. Most economists forecast that price gains will keep dropping this year.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
 

Front Page

  • Woman Hospitalized after Armed Standoff with Deputies in Douglas County

    A 22-year-old Lake Nebagamon woman was hospitalized on Wednesday evening after an armed standoff with the Douglas County Sheriff's Office. 

  • City of Tower Starts Dredging on Multi-Million-Dollar Harbor Project

    The City of Tower is starting a new phase of an old dream. Back in June, WDIO's sister station KSTP reported that Tower's multi-million-dollar Harbor Renaissance Project hadn't gone anywhere in seven years. But Wednesday, the City said they're moving forward.

  • Minnesota Food Charter Launched at DECC

    Around five hundred people flocked to the DECC for the Minnesota Statewide Food Access Summit. One of the big events? The launch of the of the Minnesota Food Charter. Only four other states have a food charter, but Food Charter Steering Committee Chair Mindy Kurzer said number five is unique.

  • Bong Bridge to Reopen Friday

    The Duluth-bound lanes of the Richard I. Bong Bridge are expected to reopen Friday morning after a summer of construction.  Superior-bound lanes have remained open this year but will be closed next year.

  • TV Campaign Ads Make Wealth an Issue in Minn. Election

    It seems an hour doesn't go by without several television campaign ads criticizing a candidate for having millions of dollars or trying to line his or her pockets at government expense. Class warfare is nothing new in politics, but it certainly is more pronounced in Minnesota this year because of two Republican candidates: Stewart Mills and Mike McFadden. They've been the target of a barrage of attack ads aimed at their personal wealth and how they accumulated it.

 

Lake Effect Snow Advisory

WI AREAS AFFECTED: Iron
Expires: 10/31/2014 11:00 AM

Lake Effect Snow Advisory

MI AREAS AFFECTED: Gogebic; Houghton; Keweenaw; Ontonagon; Southern Houghton
Expires: 10/31/2014 12:00 PM

Lakeshore Flood Advisory

MI AREAS AFFECTED: Alger; Baraga; Gogebic; Houghton; Keweenaw; Marquette; Ontonagon
Expires: 10/31/2014 2:00 PM

Advertisement
Advertisement
Advertisement
Advertisement