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U.S: Average home prices rose 5.5pct the past 12 months

Posted on 30 January 2013

Home prices rose 5.5% in the 12 months through November, providing more evidence of a recovering housing market, a closely-followed report showed Tuesday. The Standard & Poor’s Case-Shiller index of 20 major cities showed prices rising in 19 of the 20 cities for the 12-month period. Prices fell only in New York — by 1.2%.
Compared with October, the index showed a 0.1% decline. “Housing is clearly recovering,” said David Blitzer, chairman of the home price index committee………………………………………..Full Article: Source


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