New Zealand house prices rise

house prices rose in November and the number of properties sold jumped, the  Institute of New Zealand said on Wednesday. Annual house prices rose 4.0% on a seasonally adjusted basis in November across New Zealand and were up 0.2 % on the month. The number of properties sold in November nationwide jumped 17.8 percent from the previous month, the largest October to November increase seen in six years. In Auckland, the country's biggest city, prices were down 1.2 percent on the year, according to the REINZ.