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Buyers might want to sit down for this: Homes flew off the market like the hottest of hotcakes in the first quarter of the year—causing prices to rise even higher than predicted in many parts of the nation. The median price of existing single-family homes hit $232,100 in the first quarter of the year, according to
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May 15, 2017 4 things first-time homebuyers need to knowBuying a home is likely the biggest purchase you’ll ever make, and it’s not always an easy one. Low inventory has pushed home prices up in cities throughout the country, giving sellers an advantage. Homes sell fast, bidding wars break out and offers above the asking price are common. All of this means that buyers
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