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Ilyce Glink: The State of Real Estate Today

The Long View

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The Low Inventory Market and the Home Building Market

Mortgage rates are touching 7%. Many people have mortgages around 4% or less. There's fewer homes for anybody to buy, so they're staying put renovating where they can. I was astonished at the prices in San Diego a couple of months ago. Condos that are going for $1,000 to $1,200 a square foot.

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