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Housing Market Stalls Despite Small Gains | Real Estate News
Housing market shows tiny gains but remains sluggish overall—pending sales up just 0.3% month-over-month, yet down 4.7% year-over-year as high mortgage rates slow momentum. The West saw the steepest year-over-year drop (6.7%), while Richmond, VA, led major metros with an 11.3% surge. Regional trends reveal a tug-of-war: South and West grew, Northeast and Midwest dipped. Despite rising incomes outpacing home prices, elevated rates keep buyers from accelerating—contracts still far below pre-pandemic levels. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn…
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