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US Home Prices Rose 10.1 Percent in December, Fastest Since 2014

A sign "For Sale" is displayed in front of a House in Washington on April 24, 2020. (Eric Baradat/AFP via Getty Images)


WASHINGTON—U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving to houses in the suburbs from crowded urban areas.

The S&P CoreLogic Case-Shiller 20-city home price index, released on Feb. 23, climbed 10.1 percent in December from a year earlier. The year-end jump was the biggest since April 2014 and follows a strong 9.2 percent year-over-year gain in November.

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