Where Are Real Estate Prices Going in May?

After an intense two-year bull market, the real estate market is showing signs of an imminent collapse. Mortgage applications dropped for the seventh straight week for the week ending April 22, and mortgage rates are up more than 200 basis points on the year.

What does that mean for prices in May and beyond? Let's go over the possibilities.

Image source: Getty Images.

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Source Fool.com