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S&P/Case-Shiller home price index up 6.8% in December

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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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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