Home Prices Rise Again

Prices for single-family homes rose in October for the ninth month in a row, the latest sign of a rebounding real estate market. Prices in the 20 cities tracked by the S&P/Case Shiller index rose 4.3 percent year over year, beating analyst expectations. The biggest monthly gains came from Las Vegas and San Diego. "Higher year-over-year price gains plus strong performances in the Southwest and California, regions that suffered during the housing bust, confirm that housing is now contributing to the economy," David Blitzer, chairman of the index committee at Standard & Poor's, said in a statement.

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