Redfin: US home prices rise 0.2% in April, up 2.1% year over year
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Redfin reported a 0.2% rise in U.S. home prices in April, increasing the year-over-year gain to 2.1%. Montgomery County, PA, and Cleveland saw the largest monthly increases at 2.5%. However, prices fell in 21 of the 49 major metros, with Oakland, CA, experiencing a 1.4% decline. Redfin attributes price resilience to improving labor conditions, although buyers still have leverage due to a higher number of sellers.
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