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Quote: Jan. 30, 2023
“Lower mortgage rates and a still strong labor market have helped to stabilize the housing market. The market suffered a deep freeze in the winter months of 2022 but, if these dynamics persist, there is reason to believe that it will begin to thaw as the spring home-buying season approaches.”
–Odeta Kushi, Deputy Chief Economist with First American Financial Corp., Santa Ana, Calif.