Affordability crisis hit tens of millions of Americans and stopped potential homebuyers of their tracks. If mortgage charges had been to move larger in 2024, that might have a direct chilling impact on homebuyers and we might see residence prices correct down very quickly, which might cause the housing market to return to a standstill. The luxurious property market in India experienced important development in 2023, with sales value of houses priced at Rs 50 crore and above reaching Rs 4,319 crore, a notable increase from the previous 12 months.
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