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Opinion
John Authers

Rate-Hike Fears Are Hitting People Where They Live

The Fed could wreak damage on housing markets that were already strained by affordability. Homebuilder confidence is falling sharply.

The fizz is going out of the frothy housing market in North Vancouver, Canada.

The fizz is going out of the frothy housing market in North Vancouver, Canada.

Photographer: Bloomberg

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Wednesday’s meeting of the Federal Open Market Committee is dominating all discussions. That’s inevitable. But if there’s one area where the Fed’s monetary policy could wreak changes, and where many Americans fear that it will, it is on housing.