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Housing Market Downturn Wipes $2.3 Trillion In Value As Experts Predict Prices Could Still Tumble Another 10%

Por: Forbes Business February 22, 2023

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Topline U.S. homeowners have lost a staggering $2.3 trillion in market value since June as higher interest rates drive down demand in the formerly red-hot housing market, and many economists predict the decline will continue throughout the year, as mortgage costs remain elevated and keep sidelining potential buyers. The big story for 2023 will be the speed and extent to which the decline in prices follows suit ... [+] with the collapse in... + full article



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