The party’s over for the U.S. housing market place, but this CEO suggests it will recover

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The pandemic household-shopping for frenzy came to a screeching halt when the U.S. Federal Reserve raised interest fees previous June. Charges have due to the fact doubled, remaining firmly higher than 6%. Right after household revenue plunged, the housing sector has recovered fairly, but it is now facing a scarcity of properties for sale, top the industry into a bidding frenzy after again.

It is essentially a different current market, Bess Freedman, CEO of Brown Harris Stevens, advised MarketWatch in an episode of Barron’s Dwell.

“Housing…

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