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Rent here is still 57% higher than the national average, however, making long-term renting costly.
For buyers, the price drop could offer the chance to own a home at a slight discount.
However, interest rates remain high, making mortgages expensive even with lower home prices.
Seattle
Seattles market tells a similar story but with an even sharper drop in home values.
If values continue to rise, buying sooner rather than later could yield better deals.
Whats the Smarter Choice?
The answer isnt straightforward, for either location.
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