NAR: Metros see high home price gains

NAR: Metros see high home price gains: "WASHINGTON � Aug. 16, 2005 -- The majority of metropolitan areas experienced historically strong annual increases in median existing-home prices in second quarter 2005, according to the latest survey by the National Association of Realtors� (NAR).

The association�s second-quarter metro area home price report, covering changes in 149 metropolitan statistical areas, shows 67 areas with double-digit annual increases in median existing single-family home prices and seven areas posting generally modest price declines; none of the areas seeing declines had previously recorded rapid gains. NAR has expanded the number of metros covered in the report, and revised the definitions of metros due to changes in those areas over time.
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