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National home prices have risen by 1.2% year-over-year from March 2024 to March 2025, according to the Zillow Home Value Index, a decelerated rate from the 4.6% year-over-year rate last spring. However, not every housing market is seeing rising home prices.

Among the nation’s 300 largest metro-area housing markets, 60 markets are seeing falling home prices on a year-over-year basis. That’s up from

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