Tuesday, November 27, 2012 3:56 pm
News Summary: Home prices rise in most US cities
By The Associated Press
BROAD INCREASES: Prices also gained 3.6 percent in the July-September quarter compared with the same quarter in 2011. Prices increased in 18 of 20 cities over the 12 months ending in September.
ECONOMIC BENEFITS: Higher home prices make homeowners feel wealthier and more likely to spend. That boosts consumer spending, which drives 70 percent of the economy.