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The consequences of the Ukraine conflict are rippling through the global economy. The U.S. housing market is no exception.

Should U.S. homebuyers expect similar shocks to those that have roiled financial markets worldwide?

Russia’s invasion of Ukraine last week immediately sent markets worldwide into a volatile frenzy, which has magnified insecurity and could lead to reduced spending. But it is still unclear whether the conflict in Ukraine will lead to higher home prices for Americans.