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https://archive.md/i369A https://archive.md/i369A Prices being high while volume is low suggests homes are overvalued. "We may be moving away from a sellers’
by avidiax 2y ago
https://archive.md/i369A https://archive.md/i369A
Prices being high while volume is low suggests homes are overvalued.
"We may be moving away from a sellers’ market towards balance, and may be entering a buyers’ market.”
When even the NAR's chief economist says the market is softening, I think it's a safe bet that prices will weaken somewhat in the next couple of years.
- lesuorac 2y ago> Inventory has risen the most year over year in the South, according to Realtor.com. > Inventory remains more limited in the Midwest and Northeast. Pretty sure it's just regional demand has decreased in certain areas. If you're buying a house in Florida (good luck with insurance) you can get a deal. If you're buying a house in a major metro area, probably still a lot of money.