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Second Quarter Metro Area Home Prices Rise, Limited Inventory Capping Sales

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WASHINGTON (August 9, 2012) – Median existing single-family home prices are rising in more metropolitan areas, but a lack of inventory – notably in lower price ranges – is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of Realtors®.

The median existing single-family home price rose in 110 out of 147 metropolitan statistical… Read More

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