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Seventy-four housing markets across the nation saw median home prices increase in the first quarter of 2012, the National Association of Realtors said in a report released Wednesday, which is slightly more than half of all the markets it surveys.
Using data released last week by Trulia on rentals in the 100 largest housing markets nationwide, 24/7 Wall Street determined the six U.S. metropolitan areas where rental costs have increased the sharpest in the last year (by 10 percent or more).
The annual rate of 5.35 million units is a one-year low for U.S existing home sales.
Buyers are finding that houses are too expensive in cities like Austin and Denver
Eighty percent of U.S. metros do not have enough homes for buyers
U.S. home prices are expected to rise about 3 percent a year from 2013 to 2016, although they will continue to decline through late 2012 or early 2013.
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