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Last time a recession hit, the housing market was devastated.
is a licensed real estate attorney withGotlib Law Offices.
Despite this, it is clear that it remains a sellers market.
In ourage of inflationpeople are prioritizing energy efficiency, location and quality instead.
This left an excess inventory which now requires homebuilders to discount prices and offer incentives to lure buyers.
The luxury market is cooling and buyers at that level want uniqueness, views or lifestyle, Reynolds explained.
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