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U.S: Home prices up 6.8pct in ‘12, biggest gain in 6 years

Posted on 27 February 2013

A dwindling supply of homes for sale is helping prices. The Standard & Poor’s/Case-Shiller home price index for December shows home prices posted the biggest year-over-year increase last year in six years.
Boosted by decreasing inventory and increasing demand, the 20-city index shows prices rose 6.8% in 2012 compared to the year before with price hikes in 19 of 20 major cities tracked, according to the report released Tuesday. Only New York fell, down 0.5%………………………………………..Full Article: Source


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