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U.S. housing prices could plunge 20%, Dallas Fed warns

Por: CBS News Business November 16, 2022

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America's home prices could plunge as much as 20% due to the sharp rise in mortgage rates in 2022, which are drastically increasing home ownership costs and boost the odds of a severe house price correction, according to research from the Federal Reserve Bank of Dallas.To be sure, the potential for the nation's homes to shed as much as one-fifth of their value represents a pessimistic scenario, Dallas Fed economist Enrique... + full article



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