April 13th, 2017 5:59 PM by Nour Ailan
U.S. home prices surged higher in December, just months after hitting a high last seen at the height of the housing bubble a decade ago.
The S&P/Case-Shiller 20-city index rose 5.6% in the three-month period ending in December compared to a year ago, up from a 5.2% annual gain in November.
The broader national index rose 5.8% for the year in the December period, the strongest gain in 30 months. Economists had forecast a 5.4% increase in the 20-city index, which attracts more attention than the national measure.
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