Investor Central

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Thursday, November 14, 2013

Home Prices Continue to Climb

Although the month-over-month gain slowed for the fourth straight month, the S&P/Case-Shiller home price index increased 12.8% from a year earlier. This is reportedly the largest 12-month gain since February 2006. Although the pace of increases is slowing down, recovery in the housing market continues to strengthen, particularly aided by recent drops in foreclosed homes and national unemployment rate.

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