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Homebuying Hotspots with Sharp Price Escalation Vulnerable to Housing Downturn

Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession. This is according to a new report from Redfin, which also found that relatively affordable northern metros are most resilient in the event of a recession.

The U.S. housing market slowed considerably in the spring, with 5.5%-plus mortgage

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