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High interest rates splash cold water on red-hot Phoenix housing market

NPR

Published November 25, 2022 at 12:24 PM CST

The once-red-hot housing market in Phoenix ground to a halt in recent months as mortgages rates crept up to 7%.

Here & Now‘s Peter O’Dowd met with realtor Sarah Sakalauski at a Phoenix home she’s trying to sell to discuss the challenges and opportunities in this turbulent economy.

This article was originally published on WBUR.org.