Fed’s Beige Book predicts further uncertainty for the housing market
Housing Wire
DECEMBER 1, 2022
“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. Existing home sales fell steeply in most markets.
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