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S&P/Case-Shiller home price index rises 13.7% in November

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Investing.com -

Investing.com - The S&P/Case-Shiller home price index rose in line with expectations to post its largest increase since February 2006, 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 13.7% in November from a year earlier, matching forecasts and following a gain of 13.6% in October.

Month-on-month, U.S. home prices dipped 0.1% in November, disappointing expectations for a 0.2% increase, after rising by 0.2% in the preceding month.

Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD dipping 0.06% to trade at 1.3666.

Meanwhile, U.S. stock index futures pointed to a mixed open. The Dow Jones Industrial Average futures pointed to a gain of 0.45%, S&P 500 futures indicated a rise of 0.35%, while the Nasdaq 100 futures signaled a decline of 0.35%.

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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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