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NJ Spotlight News | Housing market adjustment due to interest rates, inventory | Season 2022

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Inflation and the high cost of living are hurting people's purchasing power
The video from PBS, titled "Housing Market," discusses the current state of the U.S. housing market, highlighting the challenges and trends affecting homebuyers and sellers. It examines the impact of rising interest rates on mortgage affordability, the persistent low inventory of homes for sale, and the resulting competitive bidding wars that drive up home prices. The video also features insights from real estate experts and economists who discuss potential future scenarios for the market, including the possibility of a slowdown or correction. Additionally, it touches on regional variations in the housing market and the influence of economic factors such as inflation and employment rates on housing dynamics.

Read the Full PBS Article at:
[ https://www.pbs.org/video/housing-market-1657307289/ ]