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Reply to "Why do expert say: Buckle in for a brutal free-fall in home prices - Housing Bubble"
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[quote=Anonymous][quote=Anonymous]Powell said during his speech today that there was a post Covid “housing bubble” (yes, a direct quote!) that was “unsustainable” and that “now the housing market will go through the other side of that.” The Fed went from seeing a “reset,” to a “difficult correction,” to straight up telling people they are purposefully popping the “housing bubble” they created. Don’t fight the Fed, people. [/quote] Ok but things have calmed down. There are no longer bidding wars all across the country and people having to bid way over ask. Even properties in my parents small town were in bidding wars. A decade ago that was unheard of. The market has calmed down. There has been a lot of inflation. The most we have experienced in decades. There’s a very good chance that the increases prices are entrenched and this is the new normal. [/quote]
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