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Housing market is booming after Trump's first year in office, prices surge 6.2 percent

As the economy booms after President Donald Trump's first year in office, home prices in the U.S. have surged 6.2 percent over the last year. (Jeff Haynes/AFP/Getty Images)

The economy is booming after President Donald Trump’s first year, and the American housing market is reflecting that.

According to Standard & Poor’s, U.S. housing prices have surged 6.2 percent from just one year ago, signifying a strong demand from Americans looking to buy as the economy improves overall.

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