The real estate market in the U.S. remains competitive, with home values rising despite slowing growth due to increasing mortgage rates. As of November, the typical home value was $358,761, up 2.3% from the previous year. In California, cities like Los Angeles and San Diego are experiencing significant price increases, with typical home values reaching over $1 million and annual price changes exceeding $200,000 in some areas. The data highlights ongoing demand amid a limited housing supply.
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