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The Economics of the Housing Market with Daryl Fairweather

Weird Finance

00:00

The Housing Market Is Slowing Down

Right now the housing market is very soft. We'd say they're like 20% fewer sales happening now compared to last year home prices are down about 1%. And the reason is that interest rates have gone up last year mortgage rates were 3 to 4%, now they're 6 to 7%. So there's just fewer people who can afford that and that's why the housingmarket is really slowed down.

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