Home prices
in major
The report
showed that the S&P/Case-Shiller 20-City Composite Home Price Index
increased by a seasonally adjusted 0.9 percent in December following a 0.7
percent increase in November. Economists had been expecting the index to
increase by about 0.8 percent.
Compared to
the same month a year ago, the index rose by 6.8 percent in December, coming in
line with economist estimates.
On a
non-seasonally adjusted basis, the 20-City Composite Home Price Index crept up
by 0.2 percent in December after edging down by 0.1 percent in November.
A separate
report from the Federal Housing Finance Agency showed that home prices rose by
0.6 percent in December following a revised 0.4 percent increase in November.
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