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High mortgage rates cause the home business to collapse

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26.10.2022 17:25

Sales of new single-family homes in the U.S. have fallen. Housing is unaffordable in some areas due to high mortgage interest rates.

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U.S. home buying plunges, mortgage rates at highest since 2001

Interest costs for mortgage borrowers in the US have more than doubled since the start of the year. (Photo: dpa)

Photo: Ethan Hyman

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