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Housing Prices Are Falling
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Real house prices have fallen by 2.63 percent over the past twelve months, after adjusting for inflation. House price increases have not kept pace with inflation since last year. The Housing and Public Works Administration today published the house price index for March. House prices rose by 0.62 percent between February and March, and the index is 0.88 percent higher than it was in September. However, inflation has yet to be taken into account.…
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