Home Prices in 20 U.S. Cities Rise Most Since February 2006

Mortgage News You Can Use

Bloomberg – Jeanna Smialek

Home prices in 20 U.S. cities rose in November from a year ago by the most in almost eight years, providing a boost to household wealth.

The S&P/Case-Shiller index of property prices in 20 cities climbed 13.7 percent from November 2012, the biggest 12-month gain since February 2006, after a 13.6 percent increase in the year ended in October, a report from the group showed today in New York. The median projection of 31 economists surveyed by Bloomberg called for a 13.8 percent advance.

>> Read More: http://www.bloomberg.com/news/2014-01-28/home-prices-in-20-u-s-cities-rise-by-most-in-almost-eight-years.html

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