U.S. home prices gained 0.9% in the third quarter after an upwardly revised 2% gain in the previous quarter, and all but two of the seven regions tracked recorded sequential increases, Freddie Mac said Tuesday.

Frank Nothaft, Freddie's chief economist, said the gains during those six months reflect higher sales volume — up 15% between the first and third quarters — and erased nearly 40% of the price declines the previous two quarters.

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