As the Federal Reserve continues aggressively raising its overnight borrowing rate, the housing market faces a sharp decline in sales with higher mortgage rates eroding affordability to levels not seen in more than 30 years and marking its collapse after two years of sustained growth.
Federal Reserve's Inflation-Fighting Policy Hammers Housing Market
Central Bank’s Bid To Rein in Runaway Prices Pushes Housing Affordability to Lowest Level in More Than 30 Years
CoStar Analytics
September 6, 2022 | 12:19 AM
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