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

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.

Copyright 2022 NPR. To see more, visit https://www.npr.org.