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Homebuyers in nearly every part of the country have felt the impact of surging home prices since the start of the pandemic, but none like those in the Sun Belt states.
There's a silver lining for homebuyers -- fewer competitive bids
Redfin says the houses being purchased are smaller by 31 square feet.
About half (51%) of homeowners have a rate under 4% — substantially below today’s level of 5%.
Prices hit a new monthly record, but inventory continued to plummet.
The median home sale price was up 17% year over year
