The housing market has seen the burning-candles-at-both-ends phase. The median sales price for houses in the UL at the end of 2020 Q1 was $322,600. A year later, the median price was up to $449,300, an increase of 39.3% in two years.

Everyone knows this basically can’t go on forever. Prices have to come down, but how much, where, and over what period of time? The drop from the end of 2006 to the end of 2008 dropped by 19% from $257,400 to $208,400.

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Erik Sherman



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