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UPDATE: BofA Securities Downgrades KB Home (KBH) to Neutral

UPDATE: BofA Securities Downgrades KB Home (KBH) to Neutral
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Rafe-jadrosich

Housing Market Outlook: BofA Cuts Homebuilders As Demand Declines

Affordability of new homes is declining, with the average monthly mortgage payment up as much as 50% in some markets in the last six months.

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