Home Prices Up Nearly 12% in November
New York, NY, Jan. 7, 2013 -- U.S. home prices edged up in November from the previous month but were up nearly 12% over the previous 12 months, according to real estate data firm CoreLogic.
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CoreLogic said prices increased 0.1% in November from October. That's down slightly from October and well below August's 0.9% gain.
The figures aren't adjusted for seasonal patterns.
Home prices have risen 11.8% from a year ago, CoreLogic said.
Rising home prices and higher mortgage rates blunted sales at the end of the year. Existing home sales fell from September through November.
Overall, home prices will probably have risen 11.5% in 2013, according to Mark Fleming, CoreLogic's chief economist. That would be the biggest gain since 2005.