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Economists note that the U.S. housing sector continues to struggle as new buyers face significant headwinds. The Federal Reserve’s aggressive monetary policy has pushed mortgage rates to multi-year highs, and at the same time, a low supply of new homes is keeping prices elevated. Looking at the inventory of homes for sale, the report said there were an estimated 463,000 new houses for sale at the end of February, representing an 8.4-month supply at the current sales rate.
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