The U.S. housing market is in a slump, and the Federal Reserve has taken notice. Notes from the Fed meeting in July highlight discussion between committee members on slow economic growth in the first half of the year, due in part to a decline in residential investment. Members reflected on weakening housing demand, more homes for sale and falling house prices. Must Read Staff economists at the Fed also reported that housing valuations have edged down but remain elevated. Participants warned that a “mor ...