U.S. Home Prices Rose 4.4 Percent in September From Prior Year
The Federal Housing Finance Agency reports a 4.4 percent jump in home prices during the year-over-year period ended in September, but the 0.2 percent increase from August fell under the 0.4 percent gain anticipated by economists surveyed by Bloomberg. Home prices climbed 1.1 percent in the third quarter from the second quarter and 4 percent from the third quarter of 2011, with the gains attributed to a better job market, record-low mortgage rates and a lean supply of homes for sale.
From "U.S. Home Prices Rose 4.4 Percent in September From Prior Year"
Bloomberg (11/27/12) Gopal, Prashant
--BAI
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