Top 20 metros for rising home prices
Most markets tracked by NAR post annual gainsBy Inman News, Wednesday, May 9, 2012.
Median single-family existing-home prices rose on a yearly basis in just over half of 146 markets tracked by the National Association of Realtors in the first quarter, indicating prices are stabilizing, the trade group said today.
Nationally, the U.S. median single-family existing-home price dipped 0.4 percent from a year ago in the first quarter, to $158,100. Real estate owned (REO) and short-sale properties, typically sold at a discount, accounted for 32 percent of sales in the first quarter, down from 38 percent a year ago.
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