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Housing Market Faces a Slowdown as Federal Reserve Raises Rates

With Home Prices Already Sky High, Rising Mortgage Rates Further Erode Affordability, Slow Sales
CoStar Analytics
June 17, 2022 | 5:03 P.M.

Buoyed by pandemic-related forces for the past two years, the housing market is set to see a sharp slowdown as the Federal Reserve continues its monetary tightening program to battle inflation that is running at a more than 40-year high.

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