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As the Rochester real estate market continues to follow the earthly tenet that what goes up must come down, most experts agree that we are in limbo stage, with everyone standing on the sidelines, waiting for someone to call the next play. As we’ve seen, the residential real estate market is particularly sensitive to economic uneasiness. And like the stock market, real estate has its cycles, particularly the capital-intensive, interest rate- dependent residential real estate arena. So What’s the Good News? “Although the long-term inventory is not where it needs to be,” Brownlow says, “we are seeing more stabilization in inventory numbers.”
Although the long-term inventory is not where it needs to be, we are seeing more stabilization in inventory numbers.
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Advantage Magazine | 7
April 2023
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