According to the S&P/Case-Shiller home-price index, home prices rose 5.5% in the year ended November 2012, compared to the 4.3% year-over-year reading for October, reports Alison Rogers for TIME.
“Housing is clearly recovering,” David M. Blitzer, chair of the index committee that released the data, said in the TIME article.
However, Robert Shiller, a co-creator of the index, believes that “there is too much uncertainty to justify any aggressive speculative moves right now,” ahead of the spring buying season.
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Max Chen contributed to this article.