Redfin: Home Prices Increased Nearly 8 Percent in November, Posting Biggest Gain in 14 Months

The market picked up speed as sales surged and inventory fell for the 14th consecutive month. SEATTLE-- U.S. home prices rose 7.7 percent in November, the largest year-over-year increase in 14 months, according to Redfin (www.redfin.com), the next-generation real estate brokerage. Home sales rebounded after a tepid October, growing 20.1 percent, the biggest annual gain […]