Redfin’s 2022 report ranked U.S. cities based on how much the housing market cooled down from February 2022 to August 2022.
Las Vegas, Nevada ranked second on the list — home prices in the city were down 3% in August from the month before and about 26% fewer homes sold within two weeks than a year earlier.
Coming in third is San Jose, CA, where according to Redfin's report, the housing market has likely cooled off because"These are all places where homebuyers are feeling the sting of rising home prices, higher mortgage rates, and inflation very sharply.
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