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This in turn createdpandemic boomtownsthat saw a rapid rise in demand and a spike in home prices.
But today, many boomtowns could see their fortunes turn in the other direction.
Competitive bidding priced many locals out of the market.
Post-pandemic, housing dynamics have shifted again.
In other cases, boomtown prices became so inflated that many house hunters stopped looking there altogether.
I would be most keen to keep an eye on western states and the southeast, Beauchamp said.
A member of my family decided in 2020 they would buy a home in North Carolina.
Those are the two markets right now where were seeing the biggest downturn.
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