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Housing Prices Dip Amid Supply Shortage | Business and Finance News
Description
Housing prices dipped slightly in April, but year-over-year gains remain steady at 2%, with regional swings from New England’s gains to the Mountain West’s losses. Rising mortgage rates and global tensions are adding pressure, yet a nationwide shortage of 1.2 million homes keeps prices from collapsing. The FHFA’s May data, due July 28, will reveal if the cooling trend sticks.
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