Home Prices Suddenly Jump After Several Months of Declines

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Home Prices Suddenly Jump After Several Months of Declines
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After falling since last summer, home prices suddenly turned higher due to lower mortgage rates.

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As with all real estate, however, the price dynamics differ depending on location. Miami continues to see the largest price gains, along with more affordable markets in the Midwest, like Cincinnati, Columbus and Cleveland. Meanwhile, prices are still falling in some of the markets which saw the greatest price inflation over the last several years. Those include Austin, Las Vegas, Salt Lake City, Seattle and San Francisco.

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