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VIDEO: Home prices spike in the U.S.

Tuesday, September 24, 2013 - 5:15pm

Home prices have risen more than 12 percent in July, compared to a year ago.

That's the highest increase since February 2006.

But, home prices have had a strong rebound in the last year as improving sales and a drop in foreclosures have removed drags on the market.

Analysts also cited a limited supply of available homes for the gain and also say there is evidence that prices may be peaking.

Click the video to see more.

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