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Mortgage rates are approaching 7%, and the Real Estate market in the USA is facing ominous signs.
High borrowing costs are squeezing demand, leading to a nearly 7% drop in the MBA's mortgage application index for the week of the 27th, falling to its lowest level since mid-November.
Weak Construction Spending Likely a Headwind for U.S. GDP -- Market Talk
November US Construction Spending Flat, Residential Building Up
Investors Shouldn't Overlook The Favourable Returns On Capital At D.R. Horton (NYSE:DHI)
Inflation Is Worse for the Young, and Black Families -- Barrons.com
Here's How Much You Would Have Made Owning D.R. Horton Stock In The Last 10 Years