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A row of suburban homes in Northern California
Some of the most active homebuyers during the COVID-19 pandemic are now pumping the brakes on purchases.
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A row of newly-built houses in a residential subdivision.
Tricon Residential is slowing purchases in the face of higher interest rates. But it's also waiting for opportunities to buy larger portfolios at discounted prices, its CEO, Gary Berman, said.
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The downtown Los Angeles skyline is seen with a clear sky from the 110 freeway. REUTERS/Lucy Nicholson
The downtown Los Angeles skyline is seen from the 110 freeway in Los Angeles
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A house for sale sign is displayed outside a property.
30-year fixed mortgage rates are at a four-month low.