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Elevated interest rates paired with housing market seasonality has driven declines in new inventory and listings.
HouseCanary Market Pulse reports finds big increases in home listings being removed, price drops.
'The current market environment is showing some initial signs of cooling.'
Demand has not yet subsided across much of the country.
Net new listings increase for pricey homes (400k+), while new listings for affordable homes decrease.
Says valuation technology continues to be fair even as the percentage of racial minorities in a locale increases.