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U.S. home prices: how much have they dropped in the last few months? Like pretty much everything else the price of housing shot up during the pandemic fueled by record low mortgage rates and a mass migration as Americans rethought their living situation. To add insult to injury, to tackle rising inflation the Federal Reserve began aggressively raising interest rates which helped more than double the cost of borrowing to buy a home. When coupled with high prices many would-be homebuyers were pushed out of the market. While the bidding wars have calmed down and mortgage rates begin to retreat,…