By Ken Horst curated from reuters.com -

Home prices see best yearly gain since 2006 | Reuters

U.S. Home prices risingRising home prices, reduced inventory of homes for sale and fewer foreclosures all suggest it may be time to get serious about buying a home soon.

NEW YORK (Reuters) – Home prices rose in November, climbing more than five percent from a year ago in the biggest increase since August 2006 when the housing market was starting to collapse.

In a fresh sign the housing sector is on the mend, the S&P/Case Shiller composite index of 20 metropolitan areas gained 0.6 percent in November on a seasonally adjusted basis, in line with economists’ forecasts.

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