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What confuses me about the article is this part:
"The slowdown in pricier homes is typical of the latter stages of a housing boom, analysts say, as expensive properties were the first to rise sharply at the beginning of the current cycle."
They've been saying this shit since 2001. A buddy that bought a $249K place in 2001 recently sold it for $450K
So........ unless there's a BIG BIG sign re a slowdown.... keep an open mind re the RE market, it may just be a hiccup.
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