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January 30, 2023

Home sellers get while the gettin's good

  • The likelihood that home prices will fall further this year sets the stage for more modest gains.
    AP Business Writer

    iStock image
    Years of soaring prices powered big profits for home sellers last year, even as sharply higher mortgage rates knocked the housing market into a skid.

    LOS ANGELES — Homeowners who held off on selling their home in 2022 as the housing market slowed missed out on a windfall and may have to settle for slimmer profits if they opt to sell this year.

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