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Home Prices Went for a Wild Ride This Year. What’s Ahead.

Home prices took a historically wild ride in 2021, which data put out this month by the National Association of Realtors graphically illustrate: The median price of a single-family U.S. home rose 16% in the third quarter from the level a year earlier, an average rise of $50,300. Of 183 metropolitan areas surveyed by NAR, 78% saw double-digit price gains, up from 65% the year before, though down from a record 94% in, well, the second quarter.

Prices nationwide jumped 19.7% in August, according to the Case-Shiller Indices. And…

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