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N.J., Penn. home prices edge up, Delaware drops

Purchase-only prices climbed at end of 2013

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The purchase-only house price index increased in New Jersey, Pennsylvania, and the nation and decreased in Delaware from the third quarter to the fourth in 2013, according to the Federal Reserve Bank of Philadelphia.

The purchase-only house price index crept up in New Jersey, Pennsylvania and the rest of the nation, but poor Delaware saw a decline.

The Federal Housing Finance Agency reported that the U.S. purchase-only house price index rose 1.2% on a quarterly basis in the fourth quarter of 2013.

The home price index includes purchase prices but excludes refinancing appraisal prices.

Results in the northeast region covered by the Philadelphia Federal Reserve were mixed.

The purchase-only index increased 0.1% in New Jersey and 0.3% in Pennsylvania. Delaware saw a 2% drop.

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