The Economy Is Going Great, Except For One Huge Problem
Key Takeaways
High prices and mortgage rates have crushed the housing market, even as other parts of the economy have prospered.A long-standing housing shortage has contributed to the housing crunch, alongside the Federal Reserve's anti-inflation rate hikes, which drove up mortgage rates.Mortgage rates could ease next year, improving the outlook but not necessarily solving the underlying problems.
Amid a recent spate of data showing the economy humming along smoothly, one sector has consistently...
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