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Home Prices Climb by Most in Six Years as U.S. Market Firms

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Tue, 29 Jan 13 6:55 PM | 53 view(s)
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Home Prices Climb by Most in Six Years as U.S. Market Firms
By Shobhana Chandra - Jan 29, 2013 9:13 AM ET ..

Home prices in 20 U.S. cities rose in November from a year earlier by the most in more than six years, indicating the U.S. housing rebound is gaining ground.

The S&P/Case-Shiller index of property values increased 5.5 percent from November 2011, the biggest year-over-year gain since August 2006, a report showed today in New York. The median projection of 30 economists surveyed by Bloomberg called for a 5.6 percent advance.

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