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Mischa Fisher sees mortgage rates climbing into the low sevens and expects existing home sales to turn negative in the fourth quarter. He argues the Fed's hike could eventually help by restoring confidence that inflation is under control. Jeff Ostrowski says affordability remains the biggest obstacle for first time buyers, but Americans still view homeownership as the American dream deferred rather than abandoned.

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Homeownership Becomes the American Dream Deferred for First Time Buyers

Schwab Network

Homeownership Becomes the American Dream Deferred for First Time Buyers