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Real estate giant makes prediction over housing affordability squeeze
RE/MAX president and CEO Nick Bailey discusses how rising property finance loan rates are introducing to housing affordability deterioration on ‘The Claman Countdown.’ As U.S. property selling prices exhibit indicators of cooling and the Fed continues its aggressive fee hike marketing campaign, just one of America’s largest real estate groups is signaling market affordability will go on to place stress on homebuyers this year. “Affordability has surely been a scorching matter,” RE/MAX President and CEO Nick Bailey explained in an exclusive interview on “The Claman Countdown” Tuesday. “If men and women are going to have a likelihood at improved affordability, we will need additional product out there, and we are…