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US Housing Market Rises Strongly Over Past Year

U.S. home prices rose at the fastest rate in eight years in 2013, but the gains have slowed recently. Tuesday's Case-Shiller report showed housing prices rose more than 11 percent during the year. The report also showed prices falling slightly in recent months, however, as rising interest rates and foul winter weather slowed home sales. Many economists expect home prices to rise more slowly this year than last. Investors and economists watch housing closely because severe...

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