The real estate market in the U.S. remains competitive, with home values rising despite slowing growth due to increasing mortgage rates. As of December, the typical home value was $358,461, a 2.6% increase from the previous year. In South Carolina, cities like Newberry and Columbia saw significant price increases, with typical home values rising by over $20,000 in various areas. The data highlights ongoing demand for affordable housing amid limited supply, with some regions experiencing notable price jumps.
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