There has been much talk about a possible market slowdown, and that’s led some to speculate that a correction is coming.
With purchase mortgage applications in decline since mid-May and inventory creeping up ever so slightly, I was recently asked what I thought the market will look like in six or 12 months. Would there be a correction, and if so, when?
Obviously I have no crystal ball, but I can tell you what I see today: bedlam. There remains a frenzy for good homes the likes of which I’v...
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