The get together’s over for the U.S. housing market, however this CEO says it would get better

The pandemic home-buying frenzy got here to a screeching halt when the U.S. Federal Reserve raised rates of interest final June. Charges have since doubled, remaining firmly above 6%. After dwelling gross sales plunged, the housing sector has recovered considerably, however it’s now dealing with a scarcity of houses on the market, main the market right into a bidding frenzy as soon as once more.

It’s basically a unique market, Bess Freedman, CEO of Brown Harris Stevens, instructed MarketWatch in an episode of Barron’s Stay.

“Housing…

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