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The uptick in early demand, however, has not carried through to home purchase contracts or sales.
The outcome won’t be the same across the nation — some areas will show resilience and others will come tumbling down.
Report says homes are taking longer to sell, as few are being listed and even fewer are selling.
The competition rate dipped below 50% in June for the first time since the start of the pandemic.
Popular migration areas such as Phoenix, Atlanta, Tampa, and Miami have the highest inflation rates in the country.
U.S. homes came down 0.7% from its record-breaking peak in June.
