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 Home prices are on the march again in many cities. Alexey Stiop / Shutterstock.com

Home prices are spiking again in many cities across the U.S. Overall, home values grew 1.4% across the nation from April to May, the biggest jump since June 2022, according to Zillow. That is good news for sellers hoping for a big payday, but bad news for buyers looking for a bargain. The turnaround for housing comes as competition heats up for the relatively few homes that are on the market.

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