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High mortgages rates will weigh on the housing market for years

Por: Fox Business Business July 24, 2023

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ProChain President David Tawil explains why he predicts rate hikes are on the horizon and likely to stay high 'for a number of years.' The U.S. housing market faces a long recovery from the steep increase in mortgage rates over the past year, which brought an abrupt end to the real estate boom in the economy.  That is according to a new forecast from Moody's Analytics, which projected that property values in the U.S. face a 2.4%... + full article



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