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Home Sales Surge 24%, the Biggest Gain on Record, Prices up 14% in October (access required)

The national median home price posted the second-largest annual increase on record in October, when it rose 14.2% year over year to $335,900, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. These near-record gains are fueled by an extreme imbalance between homebuying demand and the supply of homes for sale. ...

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