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But rising interest rates taking a toll on both buyers and sellers.
31.4% of U.S. home purchases were paid with all cash in July.
Predicts a cooler-than-normal winter buying season.
Despite the price reduction, demand is still down.
With new home listings falling 15% annually, sellers are reluctant to list their homes as they have begun to see prices come down.
Home prices increased at their slowest pace since June 2020, rising 7.7%
