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Posted: Thursday, 28 February 2013 7:54AM

Home Prices In 20 Top Markets Post Largest Yearly Gain Since 2006



Seattle, Wash.  (Metro)  -- The recovery in the housing market is getting stronger. 

Home prices in the top 20 markets rose nearly seven percent last year, the largest yearly gain in the S&P/Case-Shiller index since 2006. 

Seattle saw an eight-point-two-percent rise in home prices, while Portland had a six-and-a-half-percent increase. 

Phoenix led the way with a 23-percent gain. 

Record-low mortgage rates and a smaller supply of homes for sale helped drive up prices last year.
 
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