Rising Rates Cool Overheated Housing Markets Across the U.S.
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High mortgage rates have cooled demand in some previously hot housing markets across the U.S.
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Four of the top 20 hottest markets saw home prices decline year-over-year in February.
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Smaller, more affordable homes are hitting the market, leading to price drops in some areas.
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Formerly popular Southern markets like Florida have fallen out of favor recently.
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More inventory and slower price growth signals a rebalancing of overly heated housing markets.