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are house prices dropping
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Yes, although the price of homes and housing rose last year 2020 by up to 8.7%, it is likely to rise again to reach 14.6% this year, according to the NAR report. Yoon told us that it is possible that the sale prices of homes in 2022 will drop by very small degrees compared to the price levels of 2021. One economist thinks that the prices of those homes for sale next year will reach 5.9 million, which means that they will see a massive drop in prices of about 6 million .
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