Affordability crisis hit hundreds of thousands of Americans and stopped potential homebuyers of their tracks. If mortgage rates have been to move larger in 2024, that might have a direct chilling effect on homebuyers and we might see home prices right down in a quick time, which might cause the housing market to come to a standstill. The luxurious property market in India skilled important development in 2023, with gross sales value of homes priced at Rs 50 crore and above reaching Rs 4,319 crore, a notable improve from the earlier 12 months.
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