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Home Buyers Are Moving Into the Driver’s Seat. 3 Things to Know.

Home Buyers Are Moving Into the Driver’s Seat. 3 Things to Know.

Recent declines in mortgage rates have relieved some of the pricing pressure. For the first time since 2020, the typical home in late spring sold for less than its list price, Redfin said on Thursday. There’s a chill in the housing market as mortgage rates remain elevated and home prices hit new highs.