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High mortgage rates deepen America's 'K-shaped' housing market

Original: High mortgage rates are deepening a ‘K-shaped’ housing market | CNN Business

CNN Business reports that elevated mortgage rates are splitting the US housing market into two diverging tracks. Well-off buyers with cash or equity continue to purchase homes, while first-time and middle-income buyers are increasingly priced out as borrowing costs stay high. Analysts say the resulting 'K-shaped' divide widens wealth inequality and keeps inventory and affordability problems entrenched.

Why now: Mortgage rates remain elevated, making housing affordability a pressing concern for buyers and policymakers.

CNN BusinessUS housing market

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• High mortgage rates are deepening a ‘K-shaped’ housing market | CNN Business · CNN

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