Monday, March 4, 2013

Housing Recovery Gains Strength

By Chris Isidore @CNNMoneyFebruary 26, 2013: 12:30 PM ET




NEW YORK (CNNMoney)

The housing market recovery picked up steam in the final three months of last year, with prices rising at an annual rate of 7.3%, according to S&P Case-Shiller, while a government report showed sales of new homes also shot up higher.

The home price increase marks the third straight quarter of year-over-year gains. The price report covered 20 major housing markets.

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