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Pandemic Boomtowns Go From Scorching Spots To Not-So-Scorching Spots

The tide has turned as housing markets in tech hubs and pandemic migration sizzling spots are cooling extra quickly than different elements of the nation because the tech sector falters and mortgage charges stay elevated, in accordance with a latest survey.

The Redfin evaluation discovered that Austin, Texas cooled the quickest during the last yr because the housing market descended from its pandemic-era growth. The Fed began mountaineering rates of interest to fight inflation, resulting in a rise in mortgage charges a yr in the past. Austin is adopted by Seattle; Phoenix; Tacoma, Washington; and Denver. Las Vegas, Stockton, California; San Jose, California; Sacramento and Oakland, California spherical out the highest 10.


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