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The Fed crashed the housing market. Builders and banks want help.

Por: Politico Business November 05, 2022

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Lobbyists are scrambling to get help from Washington to goose the housing market as demand tanks in response to rising interest rates and high prices. Groups representing builders, realtors and lenders are urging Congress and the White House to intervene to spur more home construction and boost affordability. It’s an increasingly urgent plea, with mortgage demand down more than 40 percent from a year ago and rates topping 7 percent for the... + full article



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