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May 14th, 2020 6:50 AM
Placing emphasis on the real estate housing data for May and the subsequent 2 months would likely be misleading. Presently real estate listings, sales and mortgage rates are falling or low. 
Prior to the COVID-19, when more purchasers were looking, inventory declined. We will likely have to wait for the June or 3rd Quarter data to really understand the market. at least for the near future. 
We do know supply will increase since many listings were taken "off the market". It's the demand we are not sure of.

Posted by Richard Wayne Abatelli on May 14th, 2020 6:50 AMPost a Comment

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