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One thought on “11 In A Row

  1. Until affordability changes, these trends won’t recover. A middling decrease in mortgage rates won’t materially affect affordability. Add that to consumer balance sheets materially weakening and there won’t be much of a reprieve. I do though expect volume based metrics to level off for a bit (9 months or so). However pricing will likely continue to decline even if at a slower pace. I live in the Boston metro. Our home prices went negative as of the December data. I expect the national average to be negative by March at the latest.

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