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Home-price growth has slowed fastest in pandemic boomtowns like Austin, Phoenix and Boise, with inflation and high mortgage rates to blame.
Investors lost market share for the second quarter in a row.
Redfin says deal cancelations, price cuts hit record highs.
Mortgage rates dropping from over 7% to 6.6% this week means homebuyers have more money available.
Redfin says the increases in income needed to afford a median-priced home are especially high in Florida.
CEO says company will sell RedfinNow inventory of homes by Q2 2023.
