The three major US cities where median home prices fell the most in July

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The three major US cities where median home prices fell the most in July

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Median home prices in the US finally fell last month, according to a new report. Of the 50 largest metros, 47 saw reductions from this time last year - with three in particular leading the way, Realtor.com reported. The cities, located in Florida, North Carolina, and Phoenix, have seen home prices drop by as much as $100,000. The decreases contrast the price hikes seen during the pandemic, when mass migration threw city housing markets for a loop.
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