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As counterintuitive as it may seem, there has been a resurgence in housing activity in recent months.

The general expectation among  industry players was that rapidly rising interest rates and living costs would bring an abrupt end to SA’s two-year housing upswing. This hasn’t happened yet (though the recent steeper-than-expected 75 basis-point rate hike — bringing the prime lending rate to 9%, up from 7% in November — may yet put a brake on homebuyer exuberance)...

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