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helped drive economic growth over the past year.

Nike Air Huarache Womens All Black

Nike Air Huarache Womens All Black

Many economists say the Case Shiller figures overstate recent price gains because they include foreclosures. Foreclosed homes usually sell at steep discounts. As the proportion of those sales declines, the index rises more sharply.

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loan is 4.48 percent.

The housing market has been recovering since 2012 and has Nike Air Huarache Black And White Mens

Mortgage rates have also risen by roughly a full percentage point since the spring, though they remain low by historical standards. Mortgage buyer Freddie Mac said last week that the average rate on the 30 year Air Huarache Light On Feet

But the gains have slowed in recent months, as increases in mortgage rates and home prices have crimped affordability. The partial government shutdown in October also delayed some sales.

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Strong price gains in 2013, fueled in part by a limited supply of homes for sale, may be pricing some buyers out of the market. Prices are up more than 19 percent year over year in Atlanta, Las Vegas, Los Angeles, San Diego and San Francisco, according to the Case Shiller index.

For the year, prices are still strong, reflecting big gains in earlier months. They have risen 13.6 percent over the past 12 months, the fastest since February 2006.

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home prices rose in October from the previous year at the fastest pace in almost eight years. cities from September to October, suggesting the increases are leveling off.

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Sales of existing homes have fallen from September to November, the National Association of Realtors said earlier this month.

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Despite the declines, home re sales should reach 5.1 million in 2013, the best total in seven years, the Realtors forecast. That's 10 Nike Air Huarache Womens All Black percent higher than 2012. But it is still below the 5.5 million that is consistent with healthier housing markets.

Nike Air Huarache Womens All Black

Nike Air Huarache Womens All Black

The Standard Poor's/Case Shiller 20 city home price index rose 0.2 percent from September to October, down from a 0.7 percent increase from August to September.

price gains slow in October from September

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"Annual returns have been in double digit territory since March 2013 and increasing," said David Blitzer, chairman of the S Dow Jones index committee. homes. It isn't adjusted for seasonal variations, so the change partly reflects slower buying in the fall. The index measures prices compared with those in January 2000 and creates a three month moving average. The October figures are the latest available.

Nike Air Huarache Womens All Black

Nike Air Huarache Womens All Black

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