Home Prices Jump, and Other Signs of a Recovery

Construction on new houses next to a single-family home at The Enclave at Daycreek development in Rancho Cucamonga, Calif. on Nov. 18, 2012. Photograph by Patrick T. Fallon/Bloomberg

A year ago the housing market was still stuck in a hangover from the credit bubble bursting. This year is ending on a more positive note.

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