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Sep 24, 2013 11:55
Category: General News

House Prices Peaking

WASHINGTON (AP) - A short supply of available homes is helping drive home prices higher. U.S. home prices rose 12.4 percent in July compared with a year ago, the most since February 2006. The gains are reflected in the Standard & Poor's/Case-Shiller home price index of 20 cities. Still, the month-over-month price gains shrank in 15 cities in July compared with the previous month, indicating prices may be peaking.