Houses 10% lower in price?

Real estate analyst Ivy Zelman of Zelman and Associates stated yesterday that every .25% drop in interest leads to a 3% drop in housing expense/prices. Subsequently, as a result of interest rates falling last week, real estate prices dropped 10%.

That's quite a statement...and surveys she's conducted for Builder's market has increased 20% every year.

What does this mean for home buyers? Now is the time to buy...

Check out this real estate analysis below and let me know what you think!

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