Average Asking Prices for Homes Increase Locally, Nationally

According to a new real estate report, average asking prices for homes in the Atlanta area, in Georgia, and around the country increased nearly 20% when compared to a year earlier, reaching $348,500 nationally. Economic experts fear that rising home prices, along with increased prices on lumber and related home construction materials, could indicate more widespread inflation will soon spread throughout the economy, potentially slowing economic growth in the near future.

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