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It's pretty logical.  Interest rates have doubled over the last few months.  This knocked out a ton of buyers.  Those left couldn't qualify for the same home price.

So...

Home prices go down.  It's really that simple!

Jay Lieberman
Lieberman Realty Group, Inc.
Keller Williams Realty World Class
DRE#01874717
jay@LiebermanRealtyGroup.com