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Home Prices In Boston And Around The Country Saw Double-Digit Growth

BOSTON (CBS) -- The housing market continues to be hot for sellers in Boston and in cities around the country.

The S&P CoreLogic Case-Shiller 20-city home price index, released Thursday, climbed more than 18% in October compared to a year earlier.

Phoenix, Tampa and Miami saw the biggest gains. In Boston, prices jumped more than 15%.

Analysts say the rise is due to a combination of factors, including low interest rates, a limited supply of houses actually up for sale, and people looking to trade up for bigger spaces after being stuck at home during much of the pandemic.

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