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Article updated: 1/29/2013 9:36 AM

U.S. home prices accelerate in November

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U.S. home prices accelerated in November compared with a year ago, pushed higher by rising sales and a tighter supply of available homes.

Associated Press

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U.S. home prices accelerated in November compared with a year ago, pushed higher by rising sales and a tighter supply of available homes. The Standard & Poor's/Case-Shiller 20-city home price index rose 5.5 percent in November compared with the same month a year ago. That's the largest year-over-year gain in six years. Alll but one of the cities in the index posted annual gains. The largest gains was in Phoenix, where prices jumped nearly 23 percent.
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