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U.S. Home Price Rose by a Record-Shattering 17% in March Compared to a Year Ago


U.S. Home Price Rose by a Record-Shattering 17% in March Compared to a Year Ago
Home prices continued to soar amid low inventory and strong demand, as cities like New York and San Francisco begin to rebound
By V.L. Hendrickson
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Austin, Texas, had the largest year-over-year price increase in March, 28.2%, according to the Redfin report.
John Coletti/Getty Images
Austin, Texas, had the largest year-over-year price increase in March, 28.2%, according to the Redfin report.
John Coletti/Getty Images
March was a record-busting month for the U.S. real estate market, according to a Redfin report Thursday.
The median home price in the U.S. was $353,000 in March, a year-over-year increase of 17% a record growth rate, Redfin reported. ....

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New home sales in U.S. jump 4.3% in January


The Globe and Mail
Matt Ott
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Demand for new homes in the U.S. surged 4.3% in January as the housing market remains one of the strongest segments of the economy.
Last month’s increase pushed sales of new homes to an adjusted annual rate of 923,000, the Commerce Department reported Wednesday. That’s much stronger than the 855,000 economists were expecting. December’s new home sales figure was revised higher as well, from 842,000, to 885,000. ....

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