US home prices soar 12.2 percent in May from a year earlier, biggest gain since February 2006

  • Article by: CHRISTOPER S. RUGABER , AP Economics Writer
  • Updated: July 2, 2013 - 8:25 AM

WASHINGTON — U.S. home prices jumped 12.2 percent in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening.

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