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November 25, 2015

Home prices jump in Sept., fastest pace in 13 months

By CHRISTOPHER S. RUGABER
AP Economics Writer

WASHINGTON — U.S. home prices rose in September from a year earlier at the fastest pace in 13 months as a lack of houses for sale has forced buyers to bid up available properties.

The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, increased 5.5 percent in September compared with a year ago, the largest annual gain since August 2014.


 
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