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U.S. Housing Market Faces Key Shortage
A new report by the Mortgage Bankers Association predicts a shift in the U.S. housing market due to slower population growth, aging, and reduced immigration, which are expected to decrease demand for homes over the next decade. While some regions like Texas, Florida, and Arizona may see softer prices due to increased construction, parts of the Northeast and Midwest could experience continued price appreciation. The report suggests that if housing development continues to outpace demand, home-price growth may slow, providing more options for buyers and impacting homeowners' equity.
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