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Home prices rose sharply

Bob Fernandez and Alletta Emeno of The Philadelphia Inquirer analyzed real estate data from the region to find that a rising tide of prices is lifting many boats: "the gains are broad-based and remarkably even, with the median gain ranging from 13 percent in Bucks and Camden Counties to 17 percent in Philadelphia and Gloucester Counties. The region's median price rose to $177,500 in 2004 from $155,000 in 2003, a 14.5 percent increase." The paper also has a database of median home prices.

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