U.S. Homes Are Selling At Record Premiums, and Austin is at the Forefront

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"Everything's bigger in Texas." The often hyperbolic saying is right on the money when it comes to home prices in the capital of the Lone Star State.

This year, Austin, TX has seen 2,700 homes sell for $100,000 or more above their initial listing price, according to new data from brokerage Redfin. It's an extreme case of the nationwide phenomenon that's putting pressure on housing and rental markets.

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Source Fool.com