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Housing Market Defies Traditional Correction | Real Estate News
Description
The housing market’s stuck in a bizarre correction phase—no price drops, slow sales, rising inventory—that defies the usual four-year cycle. Blame soaring mortgage rates and pandemic-era quirks: buyers are hesitant, sellers wary, and local markets behave wildly differently. Experts say lower or stable rates, more construction, or time could finally reset things—but it’s not just about financing; jobs and demographics are key too.
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