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AdvertisementWhile growth has normalized, prices still remain elevated, with median prices of existing and new homes both near all-time highs.
In fact, the Housing Affordability Index fell to its all-time low last year, but Schwab noted that it seems to be pushing back up from the bottom.
AdvertisementThe bank added that mortgage rates are likely to keep drifting higher, as federal interest rates normalize at around current levels.
"Yet, a stabilization in activity, price growth, and interest rate volatility will likely provide a more stable foundation for the sector."
Persons:
—, Charles Schwab, Schwab, That's, homebuilders, it's
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Redfin