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February 26th, 2013
09:26 AM ET
Housing prices shoot up, report says
Here's some welcome news for homeowners: After years of downturn, housing prices shot up in 2012.
Prices rose 7.3% in 2012, according to a closely-watched reading released Tuesday.
The report from S&P Case-Shiller covered home prices across 20 major housing markets nationwide in the final three months of the year. It comes ahead of a government report due later Tuesday which is expected to show a continued rise in new home sales.
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