Here come Case-Shiller home prices…

A newly built single-family home that is sold is seen in San Marcos, California, January 30, 2013.REUTERS/Mike Blake

The latest reading of the S&P/Case-Shiller home price index will be out at 9 a.m. ET.

Economists forecast that the 20-city index, which covers major metropolitan areas like Seattle and Chicago, increased by 5.03% year-over-year in November, according to the Bloomberg consensus.

The 20-city index ticked up by 5.1% in October.

Moreover, the October reading also showed that the national home-price index rose by 5.6% on an annualized basis.

Though prices are back at levels seen in the most recent housing bubble, economists contend that speculation and euphoria are not driving the market this time.

Home prices have been rising as a healthy jobs marketand historically low mortgage rateshave increased demand for homeownership since the financial crisis. Also, constrained supplyhelped to bid up the prices of existing homes, especially in desirable East Coast and West Coast cities.

Refresh this page for updates at 9 a.m. ET.

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