Barron’s associate editor Andrew Bary weighs in on the real estate market and provides an outlook for home-improvement stocks.
"I expect the market to be significantly cooler in a month or two. It'll take some time for home buyers and sellers to react," Redfin chief economist Daryl Fairweather explained. "Since mortgage rates are up and the Fed is going to keep raising interest rates, I just don't think the conditions are there for this to turn into a big bubble worth worrying about."
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