Remember, buyer activity is still strong. And it could actually be even stronger if it wasn’t constrained by the limited supply of homes for sale. According to U.S. News:
“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”
Source: https://www.simplifyingthemarket.com/en/2023/07/27/homebuyers-are-still-more-active-than-usual/
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