The current state of the housing market is facing a potential influx of unsold homes, which could result in a decrease in prices in the upcoming summer months, as highlighted by Brian Nick, a senior investment strategist at Macro Institute.
Nick has observed a significant year-over-year increase in unsold existing homes, reaching levels not seen since the Great Financial Crisis. This trend is concerning and may lead to a downward pressure on prices within the next three to six months.
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