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Affordability crisis hit hundreds of thousands of Americans and stopped potential homebuyers of their tracks. If mortgage charges had been to maneuver larger in 2024, that would have an instantaneous chilling effect on homebuyers and we would see residence costs appropriate down very quickly, which might cause the housing market to come to a standstill. The luxurious property market in India skilled significant growth in 2023, with gross sales value of homes priced at Rs 50 crore and above reaching Rs 4,319 crore, a notable increase from the earlier yr.
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