Confidence in the housing market among homebuilders has dropped to its lowest point in more than two years, another sign the market is cooling amid rising interest rates and rising prices. The National Association of Home Builders/Wells Fargo Housing Market Index dropped eight points to 60, considerably more the single point drop expected by economists, according to Bloomberg. The Federal Reserve has hiked the benchmark borrowing rate quicker this year than was expected, which has […]
source https://therealdeal.com/2018/11/19/homebuilders-arent-feeling-so-hot-on-the-future/
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