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Home Prices in 20 U.S. Cities Climb by Most Since July 2014

  • Fourteen cities see larger 12-month price gains than October
  • Increase in November led by Portland, San Francisco, Denver
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U.S. Home Prices Rise in November

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Home prices in 20 U.S. cities rose at a faster pace in the year ended November, underscoring the shortage of supply amid steady demand.

The S&P/Case-Shiller index of property values in 20 cities increased 5.8 percent from a year earlier, the biggest advance since July 2014, a report from the group showed Tuesday in New York. The median projection of 31 economists surveyed by Bloomberg called for a 5.7 percent gain. Nationally, prices rose 5.3 percent year-over-year.