Will high interest rates cause a housing crash?
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Will High Interest Rates Cause a Housing Crash?
Interest rates are now determining the monthly cash flows in a big way for many households. It's one of the fastest rises in borrowing costs, probably ever in the modern era. We don't quite know how this is going to feed through and what people are going to do. Overall, households still have quite a lot of savings built up from COVID. They're probably going to run through those savings and then have a lot of tough decisions to make.
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