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"US Home Prices Hit Record Highs, But Some Cities Face Declines"

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Source: WFLA
"US Home Prices Hit Record Highs, But Some Cities Face Declines"
Photo: WFLA
TL;DR

CoreLogic predicts a significant drop in home prices in several U.S. cities, particularly in Florida, over the next year due to high interest rates and slowing sales. Cities like Palm Bay-Melbourne-Titusville and Deltona-Daytona Beach-Ormond Beach in Florida are at high risk, with a greater than 70% chance of price declines by spring 2025. Nationwide, the growth in home prices is expected to slow, impacting the traditionally busy spring homebuying season.

Topics:businessreal-estate#florida#home-prices#housing-market#mortgage-rates#real-estate#real-estate-trends
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  1. 2 Florida cities due for a housing price drop, real estate analysts find  WFLA
  2. Home Prices Just Hit a New Record High, and These Cities Are Leading the Pack  Realtor.com News
  3. Home-Price Growth in Key US Cities Accelerates, Squeezing Buyers  Bloomberg
  4. National home prices break another record, but Dallas sees slower growth  The Dallas Morning News
  5. Home Prices Soar To All-Time High In March—Here Are The Fastest-Growing Cities  Forbes

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