Nov. 28, 2023 10:34 am ET
Decrease charges would make U.S. homes extra reasonably priced, simply not reasonably priced sufficient.
The pandemic set off a flurry of demand for housing. Individuals’ newfound want for area, the padding of U.S. family funds from authorities aid checks, and sub-3% mortgage charges had been a potent combine that despatched house costs skyward. Now the shopping for frenzy has handed and, with mortgage charges at their highest ranges in over 20 years, not many houses are getting bought in any respect.
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