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Home Prices Up More Than Forecast In November

Source: thewillnigeria.com
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U.
S.
single-family home prices in November rose slightly more than expected from the previous month, while their increase from a year ago was the biggest in almost eight years, a closely watched survey said on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.

9 percent on a seasonally adjusted basis.
A Reuters poll of economists forecast a rise of 0.
8 percent.
The 20-city composite index rose 13.
7 percent year-on-year, the largest rise since February 2006.

REUTERS