The Decline of Residential Prices

A year ago, houses were selling for 20, 30, 40% above asking price. So when you see a 30% correction in residential pricing, are we back to two-year ago pricing? Is that kind of what it is? Or is it just that the fluff that was added on top in the last year or so where people were just throwing money at over asking price?" "I believe that commercial and retail is going to be a lot worse," he says.

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