Historically speaking, home prices usually only fall significantly once supply gets high enough that Sellers are forced to finally cave. But in this housing cycle, we are seeing neither a supply glut nor a flood of distressed properties and yet, we are beginning to see home prices slide.
Read MoreEveryone needs to be keenly aware that the Fed will not think twice at this point about the notion of throwing the housing market to the lions if they think it might help bring inflation under control.
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