The U.S. housing market is experiencing a slowdown as mortgage rates remain elevated, discouraging new buyers. Recent reports suggest that home sales have declined by 8% year-over-year, with major cities like New York and Los Angeles witnessing price adjustments. Experts predict that unless interest rates drop, the real estate sector may continue to struggle. ? Key Highlights: ?? Home sales down 8% in January ?? Mortgage rates averaging 6.5% ?? Rising demand for rental properties
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