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House prices rose in nearly 60 percent of U.S. cities in the first quarter of this year, as the housing market started to stabilize thanks to billions of dollars in federal spending. In St. Louis, the median price surged 15.1 percent, to $116,100. It was one of the strongest gains of any large market in the country, though it's in comparison with an exceptionally rough quarter a year ago, when prices were driven down by a glut of foreclosure-related sales. |
