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US housing continues upward crawl

By Matt Phillips

US housing—potentially the key to help the lumbering US economy gain steam—continues to improve, as we noted yesterday. Notable leaps marked cities like Phoenix (17.0%), San Francisco (20.4%), Detroit (19.7%) and Minneapolis up (16.5%). The headline 20-city index was up 1.6% over June 2012, all 20 cities recorded monthly gains. Here’s the latest snapshot from S&P/Case-Shiller: