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CoreLogic: US home price index saw 7.5 pct annual gain in 2012; more gains seen for 2013

Posted on 15 January 2013

A measure of U.S. home prices rose in 2012 by the most in six years, buoyed by stronger demand, a lower inventory of unsold homes and fewer sales of bank-owned properties.
Real estate data provider CoreLogic says its home price index, which is based on repeat sales of the same properties, climbed 7.5 percent last year. That’s the biggest annual increase since 2006. CoreLogic forecasts that home prices will rise 6 percent nationally this year………………………………………..Full Article: Source


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