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Home Prices in U.S. Cities Rise at Fastest Pace Since 2014

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Home prices in 20 U.S. cities gained in November, as historically low mortgage rates continued to fuel the booming housing market.

The S&P CoreLogic Case-Shiller index of property values climbed 9.1% from a year earlier, beating the median estimate of 8.7% in a Bloomberg survey of economists. It was the biggest jump since May 2014 and followed an 8% gain in October.