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Race to buy homes pushes up prices in US

House prices in the United States continued to rise in March as buyers raced to purchase their homes before the Federal Reserve began to raise interest rates.

Prices rose by 20.6% over the year to March, an even higher rate than the 20% growth seen in February, according to the S&P CoreLogic Case-Shiller US National Home Price Index. It was the highest year-on-year price change in more than 35 years.

The Times (£)

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