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America’s housing market is raising a ‘large red flag’ for the economy

America’s housing market is raising a ‘large red flag’ for the economy 5b5f245173f5a71a008b4846 2732 13661533031515 960x480

san francisco houses  America’s housing market is raising a ‘large red flag’ for the economy 571e837e52bcd029008beceeRobert Galbraith/Reuters

Friday’s gross-domestic-product report showed that residential investment, which includes construction and brokers’ fees, fell for a third quarter out of four.
It was another confirmation that the US housing market is in a slowdown.
Sales of luxury and affordable housing have been declining for months.
There’s plenty of demand for buying houses, but it’s getting harder to do so successfully in America.

The US housing market is slowing down.

Friday’s report on US economic growth spurred a presidential victory lap after it showed that gross domestic product rose at a 4.1% annual rate, the fastest in nearly four years

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