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Axios
Axios
Business

The real estate buying frenzy is over

Axios FactSet Redfin
Source: FactSet; Chart: Axios Visuals

Looks like America's home buying binge is winding down. There's a vibe shift visible in both the official data and in the anecdata from sellers, buyers and brokers.

Why it matters: This is just what Jerome Powell ordered. The slowdown means the Fed's rate hikes are working — cooling demand in an overheated market.

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