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US Housing Inching Toward More-Balanced State; Calif. Markets Still Red-Hot

Fast-moving market

The nation’s red-hot housing sector may be inching toward a more-balanced state, but six of the fastest-moving markets are still in California.

Redfin’s May analysis of pending homes showed 31.9 percent of U.S. condos, townhouses, and single-family residences were under contract within two weeks of hitting the market, down from 33.2 percent a month earlier.

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