Investing.com - The S&P/Case-Shiller home price index rose more-than-expected in December, increasing for the ninth consecutive month, industry data showed on Tuesday.
In a report, Standard & Poor's with Case-Shiller said its house price index rose at an annualized rate of 6.8% in December from a year earlier, above expectations for a 6.6% increase.
U.S. home prices in November rose by 5.5%.
Month-on-month, U.S. home prices rose 0.9% in December, compared to expectations for a 0.7% increase, after rising by 0.6% in the preceding month.
Following the release of the data, the U.S. dollar held on to mild losses against the euro, with EUR/USD adding 0.11% to trade at 1.3078.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures pointed to a gain of 0.3% at the open, S&P 500 futures indicated a rise of 0.4%, while the Nasdaq 100 futures signaled a 0.25% increase.
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