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U.S. home prices rose last year by most in 6.5 years

By The Associated Press

Posted: February 5, 2013 at 9:27 a.m.

WASHINGTON — U.S. home prices jumped by the most in 6 1/2 years in December, spurred by a low supply of available homes and rising demand.

Home prices rose 8.3 percent in December compared with a year earlier, according to data Tuesday from CoreLogic, a real estate data provider. That is the biggest annual gain since May 2006. Prices rose last year in 46 of 50 states.

Home prices also rose 0.4 percent in December from the previous month. That’s a healthy increase given that sales usually slow over the winter months.

  • INTERACTIVES: U.S. economy

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    Comments

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    Over pricing real estate is one of the major factors in our last fiasco. Greed just keeps on going and most just won't learn.

    Posted by: Oldearkie

    February 5, 2013 at 4:17 p.m. ( | suggest removal )

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