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Does this mean Americans will finally be able to buy a home again in the near future or just lower prices for Corporate America?!
Absolutely not. Prices dropped a bit because rates went up and buyers and sellers balked. However, buyers are coming back out now and at least where I am at, the market is back to just 2 weeks of inventory. That means prices will start marching up again.
It was a shock, not a systematic plunge. I promise it’ll recover soon.