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Story summary
- Buyers are gaining leverage in a market with higher inventory and slower price growth.
- Caleb Reits of City Lights Home Buyers notes single-family prices rose 1.5% year over year in August.
- Smaller homes are likely to gain popularity as family sizes shrink and costs rise.
- Many homeowners remain reluctant to sell due to low pandemic-era interest rates.
- As 2026 approaches, monitoring mortgage rates and purchase applications will be crucial.
