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IRVINE, CA—More than half of major US markets are experiencinghome price-appreciation deceleration, according to a report from RealtyTrac. In addition, thefirm reports that REO and short sales are also on the declinenationwide.
As GlobeSt.com reported earlier this week, the median salesprice of US single-family homes and condos inOctober was $193,000, up 2% from the previous month and up 16% froma year ago to the highest level since September 2008, a 73-monthhigh, according to a report from RealtyTrac. In addition,investor share of single-family homes and condosnationally is also rising.
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