Washington CNN —
With the Federal Reserve all but confirmed to cut interest rates next month, there is finally some light at the end of the tunnel for Americans grappling with the most unaffordable housing market in decades. But the old saying that “real estate is local” still rings painfully true.
In June, home-price growth accelerated the most in New York, San Diego and Las Vegas, according to the latest S&P CoreLogic Case-Shiller 20-City Home Price Index released Tuesday. For several months, San Diego led with the fastest increase in home prices, eventually getting toppled by New York
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