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Report shows 11% rise in home prices in December

A new report out shows that in December 2013, home prices were 11% higher than they were in December 2012. They were down .1% from November prices. This image illustrates some of the findings of the report:

report_highlights_hpi_2013_12_dec

The Chief economist for Core Logic had this to say about the coming year:

We expect the rising prices to attract more sellers, attracting pent-up supply, which will have a moderating effect on prices in 2014

You can see the full report here.

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