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Rising mortgage rates and tech layoffs lead to 2nd biggest luxury home price drop in Seatt

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Rising mortgage rates have many home buyers wondering if they should make an offer or wait. A new report says luxury home prices dropped by double digits in several west coast cities, including Seattle.

SEATTLE, WA - OCTOBER 31: A Redfin real estate yard sign is pictured in front of a house on October 31, 2017 in Seattle, Washington. Seattle has been one of the fastest and most competitive housing markets in the United States throughout 2017.

 

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