House Prices Rise Most in Seven Years

Washington, DC, Feb. 26, 2013 -- Home prices rose in December and had the largest year-over-year gain since 2006, according to the S&P/Case-Shiller home-price index.

The 20-city composite posted a 0.2% increase in December, following a 0.1% decline in November.

After seasonal adjustment, home prices rose 0.9% in December.

December's prices were up 6.8% from the same period in the prior year, with increases in 19 of 20 cities.

However, prices remain about 29% below the peak in 2006.