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Positive signs for the US housing market
Positive signs for the US housing market.
The slight increase in property sales has reduced the number of homes on the market to its lowest level since April 2006. This was made possible, as sellers reduced the offered prices of previously owned properties, which led to a rise in sales with 4.3% inJanuary. However this increase caused a drop of the median price, which fell 4.6% in the month to $154,700, down 2% from the same month last year.
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