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Asking Prices Stage Rebound in June

Jul 07, 2008By

The prices of properties listed for sale increased in 15 of 26 major housing markets during June, suggesting that sellers were at least becoming more optimistic last month despite still-growing inventory levels in most markets. According to Altos Research LLC and Real IQ, which jointly release the Real-Time Housing Market Report each month, a 10-city composite housing price index showed a decline in asking prices of just 0.5 percent in June and 0.8 percent for the past three months.

3d rendering of a row of luxury townhouses along a street

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