Business

US Housing Market Faces Major Slump Amid Iran War Fears

BBC Business

The U.S. housing market is facing a significant downturn due to rising mortgage rates linked to the Iran conflict. What does this mean for buyers and sellers?

Home sales hit a 9-month low as buyers hesitate.

Mortgage rates jump to 6.37%, creating buyer uncertainty.

Consumer confidence drops, impacting housing demand.

Median home price rises to $408,800 despite falling sales.

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