US Home Price Growth Slows Amidst High Interest Rates and Buyer Hesitation

The real estate market in the United States is witnessing a notable slowdown in home price appreciation as high interest rates continue to weigh heavily on potential buyers. In October, data reflected that while home prices had risen in certain areas, the rate of increase has considerably diminished, making it a challenging environment for both sellers and buyers. The tightening financial conditions are shifting market dynamics as affordability concerns thwart many buyers' attempts to enter the housing market.

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