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US home values soar in 2017, renters shell out record

Published Fri, Dec 29, 2017 · 09:50 PM
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Washington

IN a hot housing market, the value of all US homes soared to a record this year, as did the monthly payments by renters, online real estate giant Zillow said on Thursday.

With the steady increase in demand for housing driving prices and rents higher, the value of all homes was up nearly US$2 trillion, according to the year-end data.

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