Why it matters
If the trend continues, it could affect what buyers pay and the value homeowners can expect when selling. The report does not quantify the decline or identify which areas are seeing it.
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Redfin data cited by The Epoch Times show U.S. home sale prices declined for the first time in more than three years. The article also reports easing demand and a gradual increase in homes for sale, but gives no size or duration for the price decline.
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If the trend continues, it could affect what buyers pay and the value homeowners can expect when selling. The report does not quantify the decline or identify which areas are seeing it.