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Real Estate Roundup: Rising Home Prices, Shrinking Inventory

Frank Lloyd Wright house


U.S. home prices are expected to rise at an annual rate of 3.9 percent through 2017; the national inventory of homes inched up 4 percent month over month in April as the buying season picked up, but fell 13.5 percent from a year earlier; and April housing starts fell 16.5 percent from March numbers, but requests for new building permits jumped to a nearly five-year high.

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