Salient to Investors:

Prices for single-family homes rose in 120 of 149 metropolitan areas in Q3 versus 110 areas in Q2.

CoreLogic  said US home prices rose 5 percent in September from a year ago, the biggest 12-month increase since July 2006.

Paul Diggle at Capital Economics said tight supply will mean that house prices will continue to rise steadily in 2013.

Foreclosures and short sales accounted for 23 percent of Q3 deals versus 30 percent a year earlier.

All-cash share of home purchases fell to 27 percent in Q3 versus 29 percent a year ago, while investors accounted for 17 percent of all transactions versus 20 percent a year ago.

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