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According to a recent report by the National Association of Realtors, the nation’s median home price has continued to grow in many metropolitan areas. 142 metropolitan cities posted gains in the second quarter of 2013 when compared to 2012. Meanwhile, existing single-family home prices increased 87%. Prices are expected to continue to grow as inventory remains low. NAR chief economist, Lawrence Yun said, “there continue to be more buyers than sellers, and that is placing pressure on home prices, with multiple bids common in some areas of the country.” More here
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