The long-awaited U.S. housing market recovery
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After almost four years of house price falls, the much-awaited U.S. housing market recovery is finally taking place:
The U.S. seasonally-adjusted purchase-only house price index rose by 4.75% (3.01% in real terms) during the year to August 2012 - the largest annual growth in house prices since September 2006, according to the Federal Housing Finance Agency (FHFA). On a quarterly basis the index increased by 1.48% (1.23% in real terms) in August 2012.
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