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Buyers Win, Renters Lose in Housing Shift | Cork News
Home prices keep climbing—up 5% in Q2—with buyers bidding aggressively, paying 7-8% over list price. Despite a 20% surge in listings, competition remains fierce. Economists say sellers aren’t unreasonable: wages are rising 4.5%, keeping pace with prices. Median home prices hover around $495K in Dublin and $350K elsewhere. But a troubling trend: fewer homes are changing hands, with the average residence staying put for 50 years. Meanwhile, record rental terminations—linked to new reforms—could flood the market with more homes, helping buyers but hurting renters. Officials aim for 40,000 new…
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