"Fewer (and smaller) new developments coming to market, record low rates, record high rents, improving economy?Prices will most likely be up by double digits this year. At least there is not one single indicator that would prove otherwise. Jonathan Miller is probably right, the Fall market cocktail will be a potent one for potential buyers. And sadly enough (or fortunately for current home owners) it will take years for the market to correct itself with a significant increase in supply. But hey, isn't it how we define real estate cycles?"?carlitony [Three Cents Worth: Summer Listings May Heat Fall]
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