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US research centre forecasts house prices will continue to rise

A new index designed to predict changes in house prices suggests the property market will continue to head skywards, according to the Economic Cycle Research Institute.

The U.S. research centre forecasts business cycles using composite indexes of economic indicators, says it has developed a home price index to gauge price pressures created by the housing market.

The centre&#39s researchers say that despite a slight dip in November, it is still climbing, indicating that no peak in home prices is as yet on the horizon.

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