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The price of a single-family US home has topped $400,000 for the first time to outpace wage gains, says the National Association of Realtors

The price of a single-family US home has surpassed $400,000 for the first time, according to the National Association of Realtors (NAR). The second quarter of this year saw a 14.2% rise in the price of single-family US homes compared with the same period last year to stand at $413,500. That’s above …

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