Home prices rise 0.3% in December

USATODAY:

Home prices rose in December for the seventh month in a row, but more foreclosures are expected to pull down prices later this year.

Seasonally adjusted home prices in 20 major metro areas rose 0.3% in December compared with November, according to the Standard & Poor’s/Case-Shiller Home Price Index. Fourteen cities showed higher prices than in November on a seasonally adjusted basis.

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