US Home Prices Hit Highest Levels in Years

U.S. home prices and consumer confidence have both hit multi-year highs.

Tuesday’s report from Case-Shiller shows home prices rose by 10.9 percent in March from a year earlier.  That is the largest such gain in nearly seven years.

The report shows price gains for the third straight month, a sign of tight inventories, growing demand and continuing recovery in a key sector of the economy.  However, even these encouraging figures show home prices are 28 percent below their peak …

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