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Sellers hold on to price expectations as FOOP rears its head

Friday 18th of March 2022

After a year of frenzied price increases when the fear of missing out, or FOMO, prevailed, a credit squeeze and rising interest rates are now driving the market in the opposite direction. Some economists predict prices will sink as much as 10% this year. 

While prices are holding despite the change in market dynamics, there is now FOOP amongst buyers, some of whom will be under add...

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