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The homebuying sprint seen throughout the pandemic will soon give way to a long and healthy jog, Jefferies analysts said Thursday.

The dramatic housing market boom of 2020 simply can’t last. The surge in home sales has left mere months of supply left, and contractors are struggling to keep up. Prices leaped at the fastest rate since 2006 in February, and while the pace of sales has slowed, it remains at historically elevated levels.

Meanwhile, the median house price has kept setting new records, putting affordability more and more out of reach. For much details ⇒

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