Mark Lomas and Kirsten Wolfe 
Here’s an update on housing trends. Or, more precisely,[...]
"It is the place that helps shape who we are. Your generation may well be thankful that you do not have to bear the burdens of owning one - the mortgage, the maintenance, the pain of pulling up roots that run for decades deep. But the reality may be to be thankful for the blessings."
Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably. Unsure buyers navigating an unpredictable landscape keep demand declining while other potential buyers remain sidelined from an affordability standpoint. The interest rate hike by the Federal Reserve will certainly inject additional lead into the heels of the housing market.
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