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U.S: Home prices soar, but not in largest markets

Posted on 21 December 2012

Real estate research firm Zillow reports that November home prices rose 5.2% over the same month of last year. This was the largest improvement since August 2006. But the national data was misleading. The recovery has been uneven and has left several markets behind. The housing market remains deeply troubled in some parts of the United States.
Zillow’s numbers show that some of the most severely damaged markets have recovered the most over the past year. But they have not all recovered to prerecession levels, which makes the improvements at a level that does not wipe out entirely underwater mortgages, and the ability to sell homes for more than the value they had six years ago………………………………………..Full Article: Source


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