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The Boston Globe

Business

Home prices rise the most since ’06

WASHINGTON — US home prices jumped by the most in 6½ years in December, spurred by a low supply of available homes and rising demand.

Home prices rose 8.3 percent in December compared with a year earlier, according to a report Tuesday from CoreLogic, a real estate data provider. That is the biggest annual gain since May 2006. Prices rose last year in 46 of 50 states.

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