Home prices rose 0.9% in November, according to the latest S&P/Case-Shiller home price index.
Economists had estimated that the 20-city composite index, which covers major metropolitan areas, rose 0.8% month-on-month. Year-on-year, they had forecast a 5.7% rise, and the print was 5.8%.
Home prices rose "supported by continued low mortgage rates, tight supplies and an improving labor market," according to David Blitzer, managing director and chairman of hte index committee at S&P Dow Jones Indices.
Also due this morning is the house price index for November from the Federal Housing Finance Agency.