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Johnson: Housing Hits a Plateau

Higher prices and interest rates, tight access to credit, and low inventories conspired to curb housing market growth, but there is still life left, says Morningstar's Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. We have a lot of conflicting data about the housing market. I'm here with Bob Johnson, our director of economic analysis, to bring some clarity. Bob, thanks for joining me.

Bob Johnson: Great to be here today.