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flag US housing market slows with sellers outnumbering buyers, prompting predictions of falling home prices.

flag The US housing market is experiencing a slowdown, with home sellers now outnumbering buyers by nearly 500,000, the largest gap in 12 years. flag Despite rising home prices to a record high of $414,000, fewer buyers are entering the market due to high mortgage rates and economic uncertainty. flag Redfin predicts a 1% drop in home prices by the end of the year, as sellers may lower prices to attract cautious buyers.

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