When it comes to what’s really happening in the real estate market, few people know as much as Dave Kranzler. He studies every aspect of it. And what he’s seeing is none too encouraging. While the high end market doesn’t look so bad, the recent rise in interest rates, the shadow inventory and hedge fund behavior is cause for real concern. Mortgage applications are down, sales are down and interest rates are rising. Dave sees hedge funds and other large owners dumping rentals and sales onto the market now. This should lead to lower rents and lower sale prices. This is not what healthy markets are made of.
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