Housing market slows as prices lag behind inflation—home values rose just 1.6% nationally, while mortgage rates hit 6.5% and inflation soared to 4.2%, crushing buyer demand. Affordability is the big hurdle, and despite some hotspots like Chicago (up 6.9%) and New York, others like Las Vegas (down 1.9%) and Seattle are seeing declines, painting a patchwork picture across the country.
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