U.S. Housing market drop biggest since 2008, mortgage rates soar | World Business Watch
Edited By WION Video Desk
Published: Feb 23, 2023, 06:10 IST | Updated: Feb 23, 2023, 06:10 IST
Housing rates in U.S. has posted $2.3 trillion drop, which is the biggest since 2008. According to the reports, home buyers who are already facing record high prices in the U.S. They took an additional hit from mortgage rates that doubled more than last year after peaking at $47.7 trillion in June.
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