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The housing market, explained in 6 charts


Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023.

Roberto Schmidt | AFP | Getty Images

It’s no secret that the housing market looks far different than it did a few years ago.

While surging mortgage rates and housing prices have taken away consumers’ purchasing power, low supply has kept the market competitive. As a result, affordability has tumbled dramatically from the early days of the pandemic.



Read More: The housing market, explained in 6 charts

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