Home Prices See Their Biggest Gain In Six Years - ABC 33/40 - Birmingham News, Weather, Sports

Home Prices See Their Biggest Gain In Six Years

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Another sign the housing market may be on the mend. Home prices jumped in November to their biggest gain in more than six years. That's according to the Standard and Poor's Case-Shiller index.

Home prices in 20 major U-S cities rose 5-and-a-half percent in November compared to the year before. Phoenix posted the biggest increase, with home prices there climbing nearly 23-percent.

(source: CNN)

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