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Surging Home Prices Are a Double-Edged Sword

The Wall Street Journal
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March 10, 2014 AT 8:27 AM
The U.S. housing market faces an unexpected challenge at the start of the spring sales season: home prices are on a tear. Price gains have pulled more Americans from the brink of foreclosure and boosted demand from consumers no longer afraid to buy. Nick Timiraos reports. Photo: Getty.