How sky-high mortgage rates are causing housing market chaos, paving the way for a new home boom

📆 7/22/2023 4:00 AM
📰 cbsaustin

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New home buyers are struggling to find a pre-existing house that won't break the bank, as inventories are dwindling amid a chronic shortage of homes.

New Homes dot the landscape in Middlesex Township, Pa., on Thursday, Apr. 19, 2023. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates.

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