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Another day, another housing headline. It’s a seller’s market — no, wait, now it’s a buyer’s market. Interest rates are “sure” to come down, and yet… we’re still waiting. Prices are soaring…or is a looming recession threatening a market collapse? With forecasts flip-flopping and rates stagnant, it’s become nearly impossible to predict what’s next — and even harder to plan for it.
For those of us living in high cost-of-living cities, the reality is even more complicated. A recent study found that renting is now more affordable than buying in all 50 of the largest U.S. metros. For example, a mortgage
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