What’s Going On With the Housing Market?

Listen to article (2 minutes) Home sales have plunged. Buyers, facing the fastest-rising mortgage rates in decades, are scrapping their plans. And forecasters have rarely disagreed so much over where the market goes next. By many measures, the housing market entered a sharp slump this summer after the Federal Reserve abruptly ended a real-estate boom fueled by the pandemic and record-low borrowing rates.

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