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‘Bidding wars are over’ — housing prices are falling fast in SLC, Provo-Orem

New study ranks the northern Utah metro areas among the top 10 seeing a chill in the real estate market. Even so, two economists recommend home shoppers rent rather than buy — for now.

(Francisco Kjolseth | Tribune file photo) Salt Lake City, seen here, and the Provo-Orem metro area are among U.S. housing markets that have cooled down the most as interest rates continue to rise, according to a new study by the financial technology site SmartAsset.