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Navigating the Housing Market Landscape
This chapter examines the current dynamics of the housing market midway through the year, focusing on the impact of rising interest rates and low inventory levels. It highlights trends such as the aging population's preference to age in place and the challenges first-time homebuyers face due to a shortage of affordable starter homes. Additionally, the chapter discusses migration patterns toward the Sunbelt and the strategies builders are adopting in response to market conditions.