A recent USA Today article shows how home prices rose this spring in approximately two-thirds of U.S. cities. In fact, 14 cities “had double-digit price increases.”
According to the article, “The national median price in the second quarter was $176,900, up from $174,200 in the same quarter last year and up from $166,400 in the January-to-March period.”
But fluctuations can be somewhat cyclical: The median price “falls in the winter and rises in the summer months. That’s because families with children traditional move during the summer and buy larger homes.”
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