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From Forbes regarding decline in home prices: [View all]
In a statement, S&P managing director Craig Lazzara said the decline “clearly” shows the growth of home prices peaked this spring and that the “forceful deceleration . . . may well continue” as the Federal Reserve continues to move interest rates higher—making mortgage financing more expensive and housing less affordable amid an increasingly challenging economic environment.https://www.forbes.com/sites/jonathanponciano/2022/10/25/housing-market-collapse-forceful-slowdown-in-home-prices-as-warning-signs-become-eerily-similar-to-2000s-crisis
[Thanks Fed. Chair. et al...]
8 replies
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