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Housing Market Recovering?

By: WTAJ NEWS

Updated: December 27, 2012

There are signs the housing market is recovering. The latest reading of the closely followed S&P Case-Chiller Index shows home prices were up more than 4% in October, compared to a year earlier. That's the biggest percentage gain in more than two years. Low mortgage rates, a drop in foreclosures and lower unemployment are credited with the increase.

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