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Home prices continue to rise in fourth quarter, index shows
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Monday, February 17, 2014
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The National Association of Realtors (NAR) released the results of its latest Metropolitan Median Area Prices and Affordability and Housing Affordability Index on Feb. 11. The index shows home price fluctuations across the U.S. for the fourth quarter of 2013.
The index showed that overall, the country continued to enjoy year-over-year price growth. The median existing single-family home price increased in 119 out of the 164 metropolitan areas analyzed (73 percent) from the fourth quarter of 2012 to the fourth quarter of 2013. Forty-two of the areas surveyed (26 percent) showed double-digit increases from the year before, while two metro areas remained unchanged and 43 showed a drop in prices.
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