US home prices rise 12.1 pct. in April from a year earlier, biggest gain in 7 years

  • Article by: CHRISTOPHER S. RUGABER , AP Economics Writer
  • Updated: June 25, 2013 - 2:39 PM

WASHINGTON — U.S. home prices jumped 12.1 percent in April from a year ago, the most since March 2006. More buyers and a limited supply of available homes have lifted prices in most cities across the country, a sign of a broad-based housing recovery.

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