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Housing Market Slows as Prices Drop | Mesa News
Description
Housing prices are cooling nationwide as fall approaches, with 36 major metro areas seeing drops in price per square foot—driven by stubbornly high mortgage rates that’ve made homes unaffordable, especially in pandemic-era hotspots like Austin and Denver. Sellers are slashing prices to move inventory, while cities like Providence and Indianapolis remain resilient. Even San Francisco, despite its pricey median, is seeing price declines as smaller luxury homes vanish and larger, more affordable suburban properties flood the market.
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