The Fed is embracing a possible housing-market correction as a way to get ‘red-hot’ prices back to a more sustainable level

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The housing market is in a nosedive. It's just what the Federal Reserve ordered. After two years of skyrocketing home prices and historically low inventory, the market is falling back to earth. It comes at a critical time for the US economy. The Fed raised interest rates again on Wednesday in hopes of cooling demand and pulling inflation back to sustainable levels. Such increases are the central...

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