15 Years Ago, the Housing Market Crashed Under Similar Circumstances
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Fifteen years ago, in the first quarter of 2007, U.S. housing prices were at an all-time high. According to the St. Louis Fed, the median price for a home was $257,400, a record. The Fed was raising interest rates. After a series of rate hikes, the Fed funds rate reached 5.25%, its highest point…
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