Home prices could fall 20% by next year as mortgage rates hammer market: economist
US home prices could plunge as much as 20% within the next year as soaring mortgage rates bring the housing market to a standstill, a prominent economist said Thursday.
Existing-home sales declined for the eighth consecutive month in September, falling 1.5% month-over-month to an adjusted annual rate of 4.71 million, according to the National Association of Realtors. The slump is the longest since 2007. Sales are down nearly 24% compared to one year ago.……
Read full article on New York Post
Property News International
Leave a comment in Nestia App