9 charts show the massive slowdown hitting the housing market as the Fed drives borrowing costs up

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9 charts show the massive slowdown hitting the housing market as the Fed drives borrowing costs up
  • The Federal Reserve just announced a massive increase to borrowing costs in hopes of curbing inflation.
  • A combination of sky-high prices and rising mortgage rates is pushing many homebuyers out of the market.
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Interest rates are going up

Purchasing power is going down

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Housing affordability is plummeting

 

List prices for homes are leveling off

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More home listings are seeing markdowns

Real estate sales are taking (slightly) longer

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Months supply of homes for sale is ticking up, but still 'unbalanced'

Number of home listings is still way too low

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New home construction is behind