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Survey Shows Home Prices Surge

6:54 PM, Jan 15, 2013   |    comments
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WASHINGTON, DC (WUSA) -- A new survey shows home prices surged more than 7 percent in the last six months.

Financial and real estate company Core Logic says stronger demand, a low inventory and fewer sales of bank-owned property account for the spike.

It predicts home values will rise 6 percent this year.

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