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Home prices see highest increase since 2007

Source: HousingWire
According to RealtyTrac’s March and Q1 U.S. Home Sales report, home sellers in March sold their homes for an average 17  percent gain, or $30,500 more than the purchase price, making it the highest average monthly price gain for home sellers since December of 2007. The largest gains occurred in San Francisco with a 72 percent gain. This was followed by San Jose, California with gains of 60 percent; Boulder, Colorado with 53 percent; Prescott, Arizona with 51 percent; and Los Angeles at 48 percent. However, in California, increased home prices have caused a slower start to the spring home-buying season, with a decrease of 4.7 percent in home sales from March 2015.
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