In the summer of 2022, as the Case-Schiller Index began to crash, reversing the gains we had seen for over 11 years, something interesting began happening in a few bizarre pockets throughout the country. From Seattle to San Francisco, the trend was clear. The market was reversing course, at a pace worse than 2006. This development had many people worried that a strong real estate crash, one rivaling the GFC was underway. However there were asterisks.
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