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Congress Races to Pass Spending Bill & Home Sales Plummet | 12.23.22
Morning Wire
The Housing Market and Rent Demand
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Americans have never had more equity in their homes than they do right now. Those who bought when prices were at their peak over the spring and summer are in serious trouble. Over a quarter million home buyers who made a purchase in 2022 are already underwater on their investment. In total, one in 12 people who bought a home last year is underwater on that mortgage.
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