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Home prices are up, will the job market follow?

A for sale sign is seen in front of a home on January 25, 2011 in Miami, Florida.

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New numbers out this morning show home prices are up by 8.1 percent over last year, the best yearly increase since 2006.

Juli Niemann, analyst with Smith, Moore & Company joins Marketplace's Mark Garrison explain the rise and whether it will boost the job market.

About the author

Juli Niemann is executive vice-president for research and portfolio management with Smith, Moore and Company.