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Southern house price outperformance to last

The national average house price has risen by nearly 50% since the start of the pandemic, but that masks a lot of regional variation. The rise in house prices in southern metros has been even larger, whereas prices in most major and midwestern metros have increased by less. Looking ahead, we think markets in the south will continue to lead the pack, supported by still-reasonable house prices and high levels of inward migration thanks to their thriving job markets.

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