Moves over: American house prices
The Intelligence from The Economist
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Rising Rates and Resilient Homes
This chapter examines the Federal Reserve's decision to raise interest rates and its surprising impact on the U.S. housing market, where home prices are still rising despite high mortgage costs. It explores the challenges potential homeowners face as inventory dwindles and existing homeowners hesitate to sell. Additionally, the chapter highlights the resilience of new home construction and builder strategies to keep demand alive amid this economic climate.
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