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Housing Market Bottoms Out Per JPMorgan’s Initiation Of Redfin, Zillow

Last summer, Federal Reserve chair Jerome Powell laid out a plan to reset the U.S. housing market, which has been putting the squeeze on aspiring homeowners. How? By increasing interest rates, and subsequently spiking mortgage rates.

JPM

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Existing Home Sales At Lowest Point In 12 Years: How Will This Impact Opendoor Earnings?

Mortgage rates are back on the rise due to a strong performance in retail sales and labor market data, along with positive monthly inflation readings. This has raised the prospect of the Federal Reserve continuing its interest rate hiking campaign through the summer.

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