The national median sales price of all residential properties—including both distressed and non-distressed sales—was $170,000, unchanged from September but up 6 percent from October 2012. It was the 18th consecutive month median home prices have increased on an annualized basis.
Read more: Experts Say, Principal reductions perform better than rate decreases: When helping struggling home owners, principal reductions on mortgages tend to help them avoid foreclosure more than reducing the interest rates on the loans.
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