2/23, 3:02 PM (Source: TeleTrader)
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US house prices up 10.4% in December

Prices of houses in the United States increased by 10.4% in December compared to the same month the previous year, S&P CoreLogic Case-Shiller's report on Tuesday showed. The price rise in November was 9.5%.

The 10-City Composite annual increase was reported at 9.8%, up from 8.9% in the previous month. The 20-City Composite stood at a 10.1% year-over-year gain, up from 9.2% in the previous month. Phoenix led the price hike with 14.4% year-on-year, followed by Seattle with 13.6% and San Diego with 13.0%.

Breaking the News / DJ