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Home Prices Up Most Year-Over-Year Since 4Q 2005: NAR

FEB 11, 2013 10:00am ET

The median price of existing single-family homes grew 10% $178,900 in the fourth quarter, up 10% from $162,600 in the fourth quarter of 2011, the largest year-over-year gain since the last quarter of 2005, according to the National Association of Realtors.

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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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