Home prices up 15.4% in January from a year ago
CNN
Home prices climbed in January as inventory fell to a new record low.
The median price for a home last month was $350,300, up 15.4% from a year ago, according to the National Association of Realtors.
"Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers," said Lawrence Yun, NAR's chief economist. "Consequently, housing prices continue to move solidly higher."
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