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U.S. home prices continue to surge. The Standard & Poor’s/Case-Shiller index out today shows a 12 percent increase in May compared to a year ago.
Low interest rates and an improving job market are boosting demand for homes and driving prices up.
President Obama is out with a plan that he says will improve the job market even more. The president is touring an Amazon distribution center in Chattanooga, Tenn. to announce a so-called “grand bargain” to overhaul the corporate tax system.