Investing.com - The S&P/Case-Shiller home price index rose in line with expectations to post its largest increase since February 2006, industry data showed on Tuesday.
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 13.7% in November from a year earlier, matching forecasts and following a gain of 13.6% in October.
Month-on-month, U.S. home prices dipped 0.1% in November, disappointing expectations for a 0.2% increase, after rising by 0.2% in the preceding month.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD dipping 0.06% to trade at 1.3666.
Meanwhile, U.S. stock index futures pointed to a mixed open. The Dow Jones Industrial Average futures pointed to a gain of 0.45%, S&P 500 futures indicated a rise of 0.35%, while the Nasdaq 100 futures signaled a decline of 0.35%.
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