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Analysis from the American Enterprise Institute helps explain housing's remarkable resilience. Three of the fundamental factors are still working in favor of a robust market.
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Here's a look at how much home prices are dropping in the top 10 cities. knowlesgallery / Getty Images/iStockphoto. 10. Boise, Idaho. Share of listings with price cuts: 18%. Average price cut: 2.8%.
Existing home sales, which make up the majority of the housing market, fell 4.3% in March to a seasonally adjusted annual rate of 4.19 million, the National Association of Realtors reported Thursday.
For example, if the top of your budget is $350,000 and a house you like is $365,000, a 4.1% drop in its price would mean the home is now in your price range.
CoreLogic: These 125 housing markets have a greater than 50% chance of seeing falling home prices over the next 12 months.
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