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The fear of recession has driven the U.S. stock market down significantly. In order to boost the market, the Federal bank has cut the interest

The fear of recession has driven the U.S. stock market down significantly. In order to boost the market, the Federal bank has cut the interest rate to the lowest level in 30 years. What will be the impact on the residential real estate market equilibrium price and quantity? Please discuss briefly in the language of economics by stating the shift(s) of demand and/or supply curves in the residential real estate market in Texas.

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