Study: Home prices have spiked in 183 of 184 US markets

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by: TheRealDeal staff via Nexstar Media Wire Posted: Aug 14, 2021 / 05:00 AM EDT / Updated: Aug 13, 2021 / 05:32 PM EDT In this file photo, the exterior of a house with a pending home sale sign is viewed in Palo Alto, Calif. (AP Photo/Paul Sakuma, File) (TheRealDeal) — The hot housing market is not a local phenomenon anywhere in the United States, as almost all major metros have seen a double-digit jump in home prices. In 94 percent of markets examined by the National Association of Realtors, the median price of an existing single-family home was at least 10 percent higher in the second quarter than a year ago. The median for all 183 markets rose 23 percent from last year to an all-time high of $357,900, according to the Los Angeles Daily News. In the first quarter, 89 percent of markets had seen the median price rise by double figures over a year. Low mortgage rates and a low num
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