US home prices are now “clearly falling” and could plummet by as much as 20% by mid-2023 as the Fed continues its aggressive push to hike interest rates, according to a prominent economist.
Ian Shepherdson, the chief economist at Pantheon Macroeconomics, said his firm’s estimates suggest home prices have already declined by about 5% from their May peak.
Recession risks mount as credit is curtailed Even before the recent banking turmoil we had been concerned about the possibility of a recession in the US this year. The harder and faster a central bank […]
Maverick Kyle Bass has divulged his latest real estate conquests, shedding light on where the smart money is flowing these days. The famed investor, renowned for his audacious bet against the housing market in […]
(Reuters) – Contracts to buy previously owned homes increased in June for the first time since February, suggesting that the housing market is recovering from the low point of its recent declines. The National Association […]
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