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Aug 19, 2022

Interest rates and high prices seem to be cooling off the housing market

Data this week seem to indicate that the white-hot housing market is finally cooling down. We dive into what could be causing the chilling effect, including rising interest rates and still-sky-high prices for homes. And, we speak to FHN Financial chief economist Christopher Low about the latest buzz with the Federal Reserve and meme stocks.

A "For Sale by Owner" sign is posted in front of property in Monterey Park, California on April 29, 2020. - Home prices in the US grew in February to its highest level in over a year heading into the traditional Spring selling season but momentum in the nation's housing market has been reversed due to the coronavirus pandemic. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
A "For Sale by Owner" sign is posted in front of property in Monterey Park, California on April 29, 2020. - Home prices in the US grew in February to its highest level in over a year heading into the traditional Spring selling season but momentum in the nation's housing market has been reversed due to the coronavirus pandemic. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)

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The Team

Interest rates and high prices seem to be cooling off the housing market