Home Prices Post Biggest Jump in 6 Years!

January 30, 2013
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Home prices in 20 major U.S. cities were up 5.5% in November compared to a year earlier, their biggest jump in more than 6 years.

The latest reading of the closely watched S&P Case-Shiller index is another sign of the growing recovery in the long-battered housing market.

The last time prices jumped this much was in August 2006, when the housing bubble was still inflating. Soon after that, prices went into a steep decline that led to a flood of foreclosures. That sparked the most serious economic downturn since the Great Depression.  Click here to read the full article at CNN Money

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