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Supply and Demand Imbalance Continues to Drive Home Prices: Tim Rood on FBN

Amid the recent jump in interest rates, sales of existing-homes declined by 3.4% in May 2022, but prices continued to soar, hitting a record $407,600 in May 2022 – up 14.8% year over year, according to the National Association of Realtors. A supply

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