The housing market has been in a very long recovery and the Federal Reserve has kept interest rates near zero for about the last seven years. Both dynamics are about to change. With the central bank all but certain to begin withdrawing some of its massive stimulus within the coming…
New single-family home sales in the U.S. fell to near a one-year low this past September after two straight months of gains. This suggests a temporary cooling in the market for new houses as the country heads into fall. The Commerce Department said on Monday that sales have dropped to…