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Powell: Housing market has ‘a ways to go’ before prices cool

Por: The Hill Politics July 27, 2023

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Home prices are nearing their peak, but the housing market could have “a ways to go” before balancing out, Federal Reserve Chair Jerome Powell said on Tuesday after the central bank’s decision to “There are many people who have low-rate mortgages and whereas they might want to sell in a normal situation, they’re not going to because they have such so much value in their mortgage, which means that the supply of existing homes is really,... + full article



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