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DALLAS - Dallas area home prices rose by 6.5 percent in the latest Standard & Poors/Case-Shiller Home Price Index. Home prices at the end of 2012 were about 5 percent below levels at the top of the local market in mid-2007.

The price gain in December from a year earlier was the largest local increase in the survey in 12 years. And the increase marked the tenth month in a row of higher Dallas area home prices in the monthly report.

Nationwide prices were up 7.3 percent in the Case-Shiller survey.

Read more at the Dallas Morning News.