Could housing slump sink the entire economy?
Could housing slump sink the entire economy?
The red-hot housing market is starting to show signs of cooling off. Prices have spiked to levels unaffordable for many prospective buyers, and mortgage rates have jumped following the Federal Reserve’s rate hikes and a surge in bond yields.
But will the housing slowdown hurt the broader economy and lead to a further decline in the stock market? That’s unclear.
Homebuilder Lennar, whose shares…
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