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National home prices have risen by 2.1% year-over-year from February 2024 to February 2025, according to the Zillow Home Value Index. That’s a deceleration from the 4.6% year-over-year rate last spring. However, not every housing market is seeing rising home prices.
Among the 300 largest metro area housing markets, 42 markets are seeing falling home prices on a year-over-year basis.
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