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U.S. Home Prices Continue Upward Trend, Says Case-Shiller Index


Improving-Housing-Market-up-arrow.jpgAccording to the latest S&P/Case-Shiller Home Price Index, U.S. home prices rose 4.5% for the 10-City Composite and 5.5% for the 20-City Composite in the 12 months ending in November 2012.

In the 12 months ended in November, prices rose in 19 of the 20 cities and fell in New York. In 19 cities prices rose faster in the 12 months to November than in the 12 months to October; Cleveland prices rose at the same pace in both time periods. Phoenix led with the fastest price rise - up 22.8% in 12 months as it posted its seventh consecutive month of double-digit annual returns.

SP-Case-Shiller-Home-Price-Indices-jan-2012-chart-1.jpg

The chart above depicts the annual returns of the 10-City Composite and the 20-City Composite Home Price Indices. In November 2012, the 10- and 20-City Composites posted respective annual increases of 4.5% and 5.5%, and monthly declines of 0.2% and 0.1%.

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