Home Prices

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Could home prices be about to dip?

One major broker sees signs of a more buyer-friendly market

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July brought more bad news for hopeful homebuyers. Mortgage rates remain elevated at close to 7% and real estate broker Redfin cites data showing home prices are still going up.

In early July, Redfin found that the median home sale price had risen another 5% over the last 12 months, even as fewer homes sold and inventories of homes grew.

The median U.S. home-sale price hit an all-time high of $397,482 during the four weeks ending July 7, up 4.7% year over year–the biggest...

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