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The US is experiencing a limitation in supply due to a large number of people who have committed to 30-year fixed mortgages, causing a shortage of available properties for sale, even amidst increasing interest rates. As a result of this, prices have stabilized, and the improvement of supply chains has motivated home builders to increase construction efforts.
This report has little impact on the US dollar, which is the fiat currency of the United States and the most commonly traded currency in the world. The US economy’s significance on the global stage has made the dollar the foremost reserve currency, but it is no longer backed by gold.
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