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Home Prices Rise in August Boosting Real Estate Recovery

Source: The Washington Post | Nation | October 31, 2012

The housing market’s recovery appeared to receive a boost Tuesday following the release of a popular real estate measure. However, economists cautioned against getting carried away by the optimistic report.

The Standard & Poor’s/Case-Shiller index for August showed that home values in 20 cities rose 2 percent compared with August 2011, which was the largest year-over-year gain since July 2010 and the third consecutive year-over-year gain.

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