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A Punishing Housing Market Is Squeezing Renters

Higher mortgage rates and slowing residential construction are again giving landlords the upper hand.

© Grant Hindsley for The New York Times

Higher mortgage rates are pushing aspiring homeowners to keep renting, intensifying competition in the rental market.
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Mortgage Rates Remain Above 7%, Pushing Home Prices Lower in Some Areas

The 30-year, fixed-rate mortgage dropped slightly to 7.32 percent as prospective home buyers continue to struggle with affordability. But home prices are starting to drop in some areas.

© Celeste Noche for The New York Times

Sellers are reconsidering market conditions and repricing their homes, which can give buyers an opening.
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