US home prices rise in October from 1 year ago as housing recovery sustains momentum

  • Article by: CHRISTOPHER S. RUGABER , Associated Press
  • Updated: December 26, 2012 - 11:14 PM

WASHINGTON - US home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing market is improving even as it moves into the more dormant fall and winter sales period.

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