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Welcome back dream makers, today we are discussing what’s a lame duck housing market. CNBC’s article “Mortgage demand drops, as homebuyers wait for lower rates” hints that consumers don’t want to accept these high rates. Incoming data shows inflation rates have come down significantly, as we all anticipate rate cuts coming soon. We’ve personally seen demand dropping in applications this week as consumers hit pause until rates come down. We discuss the risk to buyers waiting: competition and home prices rising.

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