San Francisco homes are selling faster than in any other major U.S. city, driven by high demand and limited inventory. The trend highlights the city’s resilient real estate market amidst broader economic shifts.
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Opendoor projects a “softer, slower and smaller” housing market ahead, adjusting its homebuying strategy amid economic uncertainty and rising mortgage rates, signaling a cautious outlook for 2024.
Home prices are dropping sharply in several U.S. markets, according to Business Insider. Eleven cities, including major metros and smaller hubs, are seeing the steepest declines amid shifting economic conditions.