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

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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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