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Long Global, Short USA (EP.251)
Animal Spirits Podcast
The New Listings for Homes Are Down Seven Percent
Record 59 % of homesthat went under contract had an accepted offer within the first two weeks on market, up four per centage points for year earlier. Mortgage rates have gone from reckord lows to ten year highs in a little over a year,. The last seven 30 year fixed was as high was april 2 thousand 11. I don't think this will change demand for holmes, but it certainly should impact prices, i hope.
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