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Rising interest rates,inflationand fewer homes being on the market contribute to escalating prices.
However, a few markets arent seeing a mere increase in home prices theyre seeing skyrocketing growth.
Two other metros sit just below the trillion-dollar mark.
However, suburban and rural areas are also seeing significant housing price increases.
Where Is Housing Price Growth Slowing?
In some Sunbelt states, year-over-year changes in home values are below the national average.
Heres a look at the states with the slowest home value growth.
