The U.S. housing market is the most frozen it has been in decades

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The U.S. housing market is the most frozen it has been in decades:

Ed: "After weeks of climbing, mortgage rates rose above 7% last week.

Meanwhile, pending home sales have fallen to their lowest level in nearly three years, and the average home now costs more than seven times the average household's income.

With the Fed signalling another rate hike this year, the outlook for prospective home buyers shows no signs of improving.

Prof G Markets breaks down the news that’s moving the capital markets, helping you build financial literacy and security with Scott Galloway and Ed Elson.
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