U.S. house prices climb more relative to incomes

U.S. property prices are increasing on a faster pace than incomes of buyers, when they were 15% higher relative to income in February, suggesting that the house prices may decline in U.S. cities as mortgages will advance and decrease affordability, a study by the Zilliow Inc. showed on Wednesday. House prices in the country gained 10.2% in February, the largest gain since March 2006.