U.S. home prices climbed 5.6 percent in the 12 months through November as buyers competed for a dwindling inventory of properties.
January 23, 2013 at 12:00 AM
1 minute read
U.S. home prices climbed 5.6 percent in the 12 months through November as buyers competed for a dwindling inventory of properties, according to the Federal Housing Finance Agency.
Prices rose 0.6 percent from October on a seasonally adjusted basis, the FHFA said Wednesday in a report from Washington. The average estimate of 15 economists in a Bloomberg survey was for a 0.7 percent advance.
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