Why housing sales are stalling
Economic growth has been accelerating this year — unemployment is low, wages have been edging up and so has consumer spending. So you’d think the housing sector, which usually benefits from favorable conditions for consumers and working people, would be booming right now. But what was looking like a really good year for housing sales […]
Economic growth has been accelerating this year — unemployment is low, wages have been edging up and so has consumer spending. So you’d think the housing sector, which usually benefits from favorable conditions for consumers and working people, would be booming right now. But what was looking like a really good year for housing sales appears to have stalled out over the past few months. Blame rising interest rates and prices.
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