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US Home Prices Plunged In April - Biggest Drop Since Dec 2022

• Zero Hedge

And the consensus was right but way off in magnitude as prices in April tumbled 0.31% MoM (-0.02% exp) - the biggest MoM drop since Dec 2022...

Source: Bloomberg

Prices are still up 3.4% YoY, but that is the slowest acceleration since Aug 2023.

Tampa prices continue to lead the plunge...


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