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Tight Supply, Rising Mortgage Rates, and High Prices Slowed 2018 Home Sales, Lenders Say (access required)

An insufficient supply of homes for sale, rising interest rates, and high prices sapped home sales in 2018, according to a Fannie Mae survey of mortgage lenders conducted in the fourth quarter. The surveyed senior mortgage executives said increasing the housing stock and offering consumer subsidies, such as a first-time homebuyer tax credit, could improve affordability for ...

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