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Powell: “How Little We Understand About Inflation”

The Breakdown

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Home Sellers Are Slashing Prices in Suspension of Housing Boom

The pandemic housing boom is careening to a halt as the fastest rising mortgage rates in at least half a century up end affordability for home buyers. Listings in some of the previously hottest areas like austin, phoenix and vegas have seen approximately one third of june listings have price cuts. Spacks are being cancelled faster than you can spell chamath with 30 spat cancellations this year.

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