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Rates, inflation put lid on home prices

August 19, 2018
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Home prices fell 0.3% in the June quarter, a drop from a 1.1% gain in March, signalling that 12-year high interest rates, along with surging inflation, are putting the squeeze on home values. (Sydney Morning Herald — 4 August, 2008)
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Consumer spending, after adjusting for inflation, fell in June as shoppers were hit with the biggest increase in prices in nearly three decades. (MSNBC — 5 August, 2008)
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Home-loan approvals fell more than expected in June as decade-high interest rates scared buyers out of the real estate market. (Sydney Morning Herald — 6 August, 2008)
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