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Housing Outlook in Face of Rising Rates

By Lawrence Yun, Chief Economist, National Association of REALTORS®

The second quarter GDP figures were highly encouraging, assuring that job creation continues. Jobs will become ever more important in what looks to be a sure rising interest-rate environment. Surprisingly, rates have barely moved this year. But sooner or later (by year end) there is likely to be a jump in rates, though the exact timing is difficult to pinpoint

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