Pursuits

House Prices Rise in 89% of U.S. Cities as Recovery Gains

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Prices for single-family homes increased in 89 percent of U.S. cities in the first quarter as the housing market extends a recovery from a five-year slump.

The median sales price rose from a year earlier in 133 of 150 metropolitan areas measured, the National Association of Realtors said in a report today. A year earlier, 74 areas had gains.