The huge upswing in U.S. house prices has pushed Orange and Los Angeles counties into the top five priciest places to buy a house. Double-digit price increases were seen in 78% of the markets. But the stratospheric surges in prices have slowed a bit from earlier this year, according to NAR’s quarterly home price report, released Wednesday. Orange County was the third-priciest U.S. market at $1.1 million, up 21% in 12 months. A smaller percentage of cities saw double-digit yearly price increases during the third quarter than in the previous quarter, when 94% of markets saw double-digit increases.

Source: CNN November 11, 2021 17:08 UTC