US Housing Hit by Spiraling Mortgage Rates as Inflation Persists

Bloomberg, Nov. 4, 2022–Jordan Yadoo
Soaring US interest rates have done little to curb inflation, but they’re hitting housing hard. The surge in borrowing costs has eroded affordability for buyers, slowing residential sales and building activity, and threatening economic growth.
https://www.bloomberg.com/news/articles/2022-11-04/interest-rate-hikes-crush-housing-market-not-inflation?srnd=premium#xj4y7vzkg