Housing Market Recovery Spreads

The housing market continues to recover and spread to more areas as home prices in many metropolitan cities experienced their largest gain year-over-year in over seven years. The median closing price has increased by 11.3% for existing single-family housing, averaging around $176,600 for the first quarter of 2013 according to the National Association of Realtors. Additionally, the median home prices posted for 150 metropolitan cities showed that 133 metros report continued annual gains this year. More here

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