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re: Housing prices are alarming
Posted on 6/10/19 at 8:15 am to stout
Posted on 6/10/19 at 8:15 am to stout
i ran into an old client yesterday (he owns a lot of rental properties) and he said that the LC market is way over-saturated and now you are seeing company listings getting bigger and rentals staying on the market longer. seems like we's about to experience a correction here
This post was edited on 6/10/19 at 8:16 am
1
Posted on 6/10/19 at 8:18 am to SlowFlowPro
quote:
i ran into an old client yesterday (he owns a lot of rental properties) and he said that the LC market is way over-saturated and now you are seeing company listings getting bigger and rentals staying on the market longer. seems like we's about to experience a correction here
He's correct. It is slowing down.
The whole nation is about to see a correction, though. The MBA has their annual meeting at the start of every year and a correction was a big topic at this years meeting. They predict cooling off through 2019 and full on correction in 2020
New housing price growth slowed in the entire nation with a few exceptions for the the 6th month in a row last month. That's a sign of things cooling off.
This post was edited on 6/10/19 at 8:25 am
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