Home Prices Increase 0.6%

United States home prices increased from November 2011 to November 2012  by 5.6 % according to the Federal Housing Finance Agency. Home prices have continued to grow  0.6% since October 2012 feeding the economy. Patrick Newport, an economist at IHS Global Insight in Lexington, Massachusetts said, “Rising prices are good news at this point and they are making the difference, it brings in more buyers and sellers and lubricates the housing market. It’s going to stimulate sales.” More here

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