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Area home prices climb in May

By David Sherfinski
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Home prices in the Washington area soared about 9 percent in May, spurring hope for a budding housing market recovery.

Prices rose 9.3 percent in May compared with a year earlier, according to a report released Thursday by real estate analytics company Clear Capital. Nationally, home prices increased 6.8 percent — the biggest jump since July 2006.

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David Sherfinski Local News Maryland Virginia Washington D.C.