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Analysis: Rising prices, harsh winter may dampen U.S. home sales in spring


Analysis: Rising prices, harsh winter may dampen U.S. home sales in spring

By Margaret Chadbourn WASHINGTON (Reuters) - Emily Hanson would like to buy a house, but she worries that she and her husband may have to move across the country to achieve their goal. In December, Emily, a 30-year-old student, and Nels Hanson, a 33-year-old software developer, began searching in Boston, where a shortage of homes for sale has driven up prices. The median sale price in the Boston area is $340,000, according to monthly updates on property values by Redfin, a national real estate brokerage. "It's basically a question of accepting a smaller home, or one that needs work, or do we uproot ourselves completely, which would entail my husband leaving a job that he loves." The Hansons are far from the only would-be buyers who risk being crowded out by the run-up in home prices and mortgage rates over the past year.


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