The real estate market remains competitive post-pandemic, with home values in the U.S. averaging $358,761, a 2.3% increase from the previous year. While rising mortgage rates have slowed growth and caused price declines in some areas, others continue to see significant increases. In the Los Angeles-Long Beach-Anaheim metro area, various cities report substantial year-over-year price changes, with typical home values reaching as high as $3,314,376 in the most expensive locations.
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