US property values increase 4 pct

The cost of property in the U.S. increased by 4 percent in the second quarter of the year, research suggests, although some areas registered significant price falls.

Properties in the Midwest of the country enjoyed the largest gains in price, up 7.3% on the previous three months. This was followed by the North East and the South, with respective rises of 4.9% and 3.5% recorded.

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