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The Boston Globe

Business

Housing market strengthening in US, around Boston

Home values in the Boston area rose by 2.3 percent in November compared with the same month in 2011, according to data released Tuesday by the S&P/Case-Shiller Home Price Indices, which is widely considered a reliable measure of the housing market.

Nationwide, the improvement was more pronounced, with prices increasing by 5.5 percent in the 20 metropolitan areas tracked by Case-Shiller. Unlike some other housing barometers, the index is based on repeat home sales, which many industry analysts consider a more accurate way to gauge the market.

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