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December 30, 2022

Newsfeed: Housing Supply Jumps Most On Record As Market Freezes

Newsfeed: Housing Supply Jumps Most On Record As Market Freezes

A downturn in the residential real estate market could be nearing, Kieran Clancy, a senior US economist at Pantheon Macroeconomics, recently warned. The potential for a major price decline has been on our radar in recent quarters as elevated mortgage rates and record-high prices create an unfavorable environment for buyers.

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