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General Real Estate Investing

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Jon Q.
  • Investor
  • Berkeley, CA
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Sales of Existing Homes Fell Last Month (Start of Hypersupply)

Jon Q.
  • Investor
  • Berkeley, CA
Posted Aug 24 2016, 22:13

Sales of existing homes fell in July.  Many markets nationally likely peaked in early 2016.  I think in most markets we're now seeing the beginning of hypersupply, phase III in the real estate market cycle.  In the month's ahead, I think it will be increasingly obvious, rent growth growth may increase, but do so at a declining rate.

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