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Home prices rise in 3Q, but Zillow forecasts sawtoothed recovery

U.S. home prices rose 1.3% in the third quarter, the biggest quarterly gain since 2006, but the recovery will be uneven, Zillow ($36.03 -0.69%) said.

The 3Q price increase marks the fourth consecutive quarter of increases. The Zillow Home Value Index rose 3.2% year-over-year to $153,800. Read more…

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