Whither real estate?

IMO the prices will adjust in nominal terms. They’re already adjusting. Prices typically go up in the summer, but this summer they’re going down. Prices may still be up year-over-year, but inventory is steadily going up and there are plenty of asking price decreases. In real terms it’ll decline even more, I suppose, although the increase in housing prices is already accounted in inflation, so a decrease can only mean less inflation.

Also I’m thinking the high-flying USD makes our real estate more expensive for foreign investors, which creates additional downward pressure.

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Wow! None in the Southeast.