What a week for the real estate market. Another week like this, and your earnest author might have to hang up his keyboard and get a realty license.
Just fooling, of course, those lockboxes are too tricky. Nonetheless, before this week, many had been worrying about home prices breaking down, given that 75 bps of cuts didn't work as advertised. Fortunately, this week's developments (insurance loosening, sub-2% inflation and the Fed cut) are just what real estate doctors ordered.
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