5% leap in home prices gauged

Gain most since July ’06, data say

Posted: November 7, 2012 at 4:12 a.m.

A sale sign marks a house in Glenview, Ill., in early October. Prices for single-family homes rose 5 percent in September, compared to the same month a year ago, according to data analyst CoreLogic.

A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest yearover-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.

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Business, Pages 33 on 11/07/2012