Real Estate Market is Cooling

The real estate market appears to continue it correcting measures, cooling a bit for the third month in a row.  Existing home sales fell 1.2% in May to a seasonally adjusted rate of 6.67m units. 

The real estate market was on fire for quite a while, and a correction is necessary to get everything back into balance.  It doesn’t mean that home sales won’t happen or that you can’t buy a great home, but it does mean you may need to be a little more cautious.

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