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U.S. home prices climb 12.4 percent in July

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By ALEX VEIGA

Associated Press

LOS ANGELES (AP) — U.S. home prices jumped 12.4 percent in July from a year earlier, reflecting a housing market that's increasingly favoring sellers amid a tight supply of available homes for sale.

Real estate data provider CoreLogic said Tuesday that home prices in every state but Delaware climbed on annual basis in July.

Ninety-nine of the 100 largest cities reported annual price gains.

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