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المشهد العربي
US home price decline slows amid inflation
The U.S. housing market has experienced a continual decline in home values over the past 13 months, despite a temporary increase in property prices in June, due to high inflation rates that have impacted the real value of homes. Data indicates that persistent inflation and the decision to keep mortgage interest rates at 6.5% are hindering the ease of buying and selling, as current homeowners remain reluctant to give up low-interest loans. Although prices rose in June, the real estate market continues to trend downward due to high financing costs, and these factors are contributing to ongoing downward pressure on home prices in America.
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