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Housing Market Update – July Week 4: Home Prices Rise, Fed Rates Impact, and New Home Sales Surge

Folks, brace yourselves; this is big news. Existing home sales are currently at historic lows. When we compare the current inventory to the housing bubble of 2008, it's jaw-dropping. Back then, we had a whopping 4 million homes on the market. Today, we're down to just 1.4 million! With homeowners holding onto their properties, there's simply not enough supply to meet the soaring demand.