Part 7/10:
Despite optimism from those in the real estate industry who argue that home prices in certain areas are still increasing, it's essential to recognize that the housing market often serves as a lagging indicator. While prices may not yet reflect a downturn nationally, local markets experiencing heightened inventory and price reductions—like Huntsville—signal deeper economic issues. Notably, recent reports indicate a surge in the highest rate of price cuts in a decade, alongside record housing inventory levels, suggesting imminent corrections.