This is according to a new report from Redfin ( ), the technology-powered real estate brokerage, which also found that relatively affordable northern metros are most resilient in the event of a recession. (NASDAQ: RDFN) - Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession. Still-affordable Rust Belt metros like Cleveland and Buffalo are most resilient. Riverside, Boise, Phoenix and Tampa are among the markets where homeowners stand to lose some of the value they gained over the past two years.
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