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Affordability disaster hit millions of Americans and stopped potential homebuyers of their tracks. If mortgage charges had been to move larger in 2024, that would have a direct chilling effect on homebuyers and we’d see home costs correct down very quickly, which might cause the housing market to come to a standstill. The luxurious property market in India experienced important progress in 2023, with gross sales worth of properties priced at Rs 50 crore and above reaching Rs 4,319 crore, a notable improve from the previous yr.

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