Story at a glance Nationwide, prices for an existing, median single-family home rose by 8.6 percent from last year to $398,500. Seven of the top ten metros experiencing the biggest price gains were in Florida. And half of the nation’s most expensive markets were in California. Home prices increased in most U.S. metros last quarter despite rapidly rising mortgage rates that are currently hovering near 7 percent, according to data released Thursday by the National Association of Realtors. Nationwide, prices for an existing, median single-family home rose by 8.6 percent from last year to $398,500, although price growth is slowing significantly. Seven of the
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