Why home prices are climbing again, and what you should do about it

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This article is by staff writer William Cowie.Chances are home prices in your neighborhood have been rising lately. Strangely enough, that only made the news when, for last November, Standard & Poor’s Case-Shiller index of home prices in 20 top cities fell the grand total of 0.1 percent.The Federal Reserve tracks a national composite home price index for the country, which looks like this: Home price index since 1987 (all data available) Is this good news or bad news to you? That may depend on whether you own your home or not. If not, and you’re saving up to buy, that’s disheartening, as you see your dream slipping out of reach. If you do own, odds are you’re pleased to hear news like this.Of course, not …


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