U.S. home prices rose 1.2 percent from July 2011 to July 2012, the biggest such gain in seven years, according to new data released Tuesday by the Standard & Poor's/Case-Shiller index. It is the latest in a spate of evidence showing growing strength in the housing market, which had been severely crippled by the Great Recession. Many analysts say a rejuvenated housing market would go a long way in boosting the broader economy, which remains sluggish.
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