Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates

industry suffers through surging housing costs and a “historic shortage” of available homes for sale.

In a letter Monday addressed to the Fed Board of Governors and Chair Jerome Powell,

the direction of monetary policy and the impact it is having on the beleaguered real estate market.

The National Association of Home Builders, the Mortgage Bankers Association and the National Association

among our collective memberships that ongoing market uncertainty about the Fed’s rate path is contributing

The groups ask the Fed not to “contemplate further rate hikes” and not to actively sell its holdings

We urge the Fed to take these simple steps to ensure that this sector does not precipitate the hard landing

In recent days, several officials have noted that the central bank could be in a position to hold off