White House trade advisor Navarro stated: The US real estate market is currently in a stage of attempted recovery, and what it needs least right now is a Federal Reserve rate hike.
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The current US real estate market is in a sensitive recovery phase. Interest rate hikes often push up mortgage loan rates, further increasing repayment pressure on homebuyers and raising financing costs for property developers. These effects all hinder the recovery process of the real estate market, which is the core background of Navarro's viewpoint.
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