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The housing market is within the absolute dumps

Files: Nationwide Association of Realtors; Chart: Axios VisualsEven as the stock market approaches an all-time excessive, there might be an incredible darkish cloud hovering over the economic system: the housing market.Why it issues: House sales are hovering at ancient lows, as economic uncertainty and excessive mortgage rates withhold encourage buying.By the numbers: Pending residence sales — offers which might be in contract but no longer yet closed — rose 1.8% in Could maybe over final month but are restful at file lows…
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