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In this Thursday, Jan. 9, 2014, photo, a for sale sign is placed in front of a house in Mount Lebanon, Pa. (Gene J. Puskar/AP Photo)
In this Thursday, Jan. 9, 2014, photo, a for sale sign is placed in front of a house in Mount Lebanon, Pa. (Gene J. Puskar/AP Photo)

U.S. home prices climb more than forecast in November Add to ...

U.S. single-family home prices in November rose slightly more than expected from the previous month, while their increase from a year ago was the biggest in almost eight years, a closely watched survey said on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.9 per cent on a seasonally adjusted basis. A Reuters poll of economists forecast a rise of 0.8 per cent.

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The 20-city composite index rose 13.7 per cent year-on-year, the largest rise since February 2006.

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