Nationwide, home prices rose 3.6 percent in the third quarter compared with the same period in 2011, new data show. The jump points to a broad recovery in the long-sluggish housing market.
Home prices in the United States rose in September, confirming that low interest rates and declining foreclosures are helping to propel a broad recovery in the housing market.
Progress is visible in two newly released sets of numbers. The Standard & Poor's Case-Shiller index showed nationwide price gains averaging 3.6 percent in the third quarter of 2012, compared with the same quarter a year earlier.
In a separate report on Tuesday, an estimate of price changes from the Federal Housing Finance Agency (FHFA) said that US home prices have risen 4 percent over the past year, using the same gauge of comparing third-quarter figures for 2012 and 2011.
Both reports are watched closely by economists.
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