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Housing Market Shifts in July | Real Estate News
Housing market woes hit a new peak as July saw a staggering 51% surplus of sellers over buyers nationwide, pushing most major cities into buyer’s markets and fueling negotiations. Sales plummeted to their lowest level in nearly two years, while soaring mortgage rates and stubbornly high prices are crushing affordability. A record number of deals are falling through before closing, especially in Miami and Nashville, where new construction is flooding already cooling markets. While NYC and Milwaukee remain seller’s markets with rising prices, hotspots like West Palm Beach and San Francisco are…
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