The only way prices drop dramatically is mass unemployment of homeowners who have inadequate reserves combined with inadequate capital for new homeowners and investors to buy available inventory. Even if there is a soft market, people will simply not sell if they don’t need to, which would further limit inventory to match up with fewer buyers. While that is possible, that’s not where we are now.
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Current: 2018 SO/SS F83 ZCP
Gone: 2015 SO/SO F82
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