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The Boston Globe

Business

Boston area’s home values up 4% over year

The value of a single-family home in the Boston area increased by 4 percent in January, compared with the same month last year, according to data released Tuesday by the S&P/Case-Shiller Home Price Indices.

The improving market is in line with a rise in home prices sweeping the nation from San Diego to Miami, according to the index, which measures repeat sales and is considered a reliable gauge of the US housing market’s health.

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