May 10, 2013
...AND RICHER...:
Housing Rebound Grows as Prices Climb Sharply (ROBBIE WHELAN, 5/10/13, WSJ)
The National Association of Realtors said Thursday that the national median closing price for an existing single-family house was $176,600 in the first quarter, up 11.3% from the first quarter of 2012. That was the largest year-over-year gain since the end of 2005. Of the 150 metro areas tracked by the NAR, sale prices rose in 133 and declined in 17."The supply/demand balance is clearly tilted toward sellers in a good portion of the country," said NAR chief economist Lawrence Yun.
Posted by Orrin Judd at May 10, 2013 4:57 PM
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