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Prices of Homes Up 1.3% in May

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LOS ANGELES-According to the Standard & Poor's/Case-Shiller index of 20 metropolitan areas, there was a rise of 1.3% in the prices of pre-owned single-family homes in May 2010 when compared to that of April 2010 and a rise of 4.6% when compared to that of May 2009.

This was mainly due to the increase in sale, which was boosted by the federal tax credit. However, experts believe that the prices will cool down as they expect sales figures to come down. For the full story, go to Chicago Tribune.

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