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Housing market is showing signs of cracking: 'Anything-goes list-price strategy is no longer working'

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The housing market is showing signs of cracking—here's why:

 

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Higher housing prices coupled with higher interest rates slowing down sales.

The recovery shall not be a problem in the near future.

Duh, that’s what happens when the Fed raises interest rates.

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Mortgage rates edge higher as housing market cracks appearHigher financing costs, combined with a scarcity of properties and other familiar headwinds, may be starting to diminish buyer demand in the housing market. availability might also have something to do with us; post election, after a red wave, home starts will jump
Source: MarketWatch - 🏆 3. / 97 Read more »