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Home prices rise in-line with expectations in November

Myles UdlandJan 26, 2016, 19:32 IST

Half-finished houses of the Molinos de Rios housing development stand abandonded after the owners declared bankruptcy, in Toa AltaThomson Reuters

Home prices rose as expected in November according to the latest reading from the Federal Housing Finance Agency.

Prices rose 0.5% in November, right in-line with expectations for prices to rise 0.5% over the prior month.

This was also in-line with the increase seen in October.

This report was also released alongside the Case-Shiller home price index, which showed prices rose more-than-expected in November.

More to come ...

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