Housing Market Correction: How Real Estate Investors Can Prepare
There's been a growing concern about a housing market correction after two years of record home price appreciation, during which the median national home price increased by 34%. It appears that correction is finally here. Home sales and and mortgage applications for April and May are down notably, while newly listed homes have risen rapidly as property owners try to capture home price gains before the market turns.
But there's good news. The start of a housing market correction is the perfect time for investors to prepare for what could be coming.
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Source Fool.com
