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US home prices rack up 3rd monthly gain

US home prices rack up 3rd monthly gain (via AFP)

US home prices rose for the third straight month in July, jumping 1.6 percent over the previous month, according to the S&P/Case-Shiller 20-city home price index released Tuesday. The monthly gain was a fresh sign that the industry has climbed out of its second recession in home prices since the housing…


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