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Challenges in the U.S. Housing Market
This chapter examines the current turmoil in the U.S. housing market, driven by recent hurricanes, rising property taxes, and stagnant sales. It highlights the shift from motivated buyers to sellers facing financial pressures, alongside rising delinquency rates as many homeowners struggle to cope with increased costs. The discussion includes concerns over mortgage resets and the preparedness of borrowers, pointing to potential future disruptions in the housing market.