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In the latest housing market update, Redfin reports a decrease in home prices on a year-over-year basis in 15 out of the 50 largest U.S. cities. This marks an increase from last week when only 11 cities were experiencing price decreases. Some notable cities with falling prices include San Francisco (7.3%), San Jose (5.8%), and Los Angeles (3.3%). The update covers various trends such as housing inventory and price reductions in the U.S. real estate market.
