This month we take a look at the housing market trends for March 2023 and the numbers that swirl around one of the most important sectors in our economy – real estate. Our market updates have, necessarily, focused a lot on mortgage rates, and this month is no different. Federal Reserve Chairman Jerome Powell raised the interest rates on federal funds yet again at the beginning of February, jacking them up another 0.25%. That can have a ripple effect throughout the real estate world by raising the interest rates on mortgages, which doesn’t help anyone – buyers, sellers, real estate agents, or lenders.
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