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High mortgage interest rates and slow sales have finally caught up with a once scorching-hot housing market, leading to a correction, experts claim.
The U.S. housing market had finally started slowing in late 2022, and home prices seemed poised for a correction. But a strange thing happened on the way to the housing market crash: Home values ...
If you have been waiting for prices to drop to buy a house, 2023 could be your year. However, the fall in housing prices doesn't bode as well for current homeowners -- or the overall U.S. economy....
As the correction plays out, industry watchers like Gerli will monitor key indicators like the mortgage application index, which he notes is still "scraping at the lowest level in 30 years," down ...
The hot housing market that has sent average home prices to record highs in 2022 is likely headed for a correction, Federal Reserve Chair Jerome Powell said on Wednesday. Whether that leads to ...
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Housing bubbles tend to distort valuations upward relative to historic, sustainable, and statistical norms as described by economists Karl Case and Robert Shiller in their book, Irrational Exuberance. [6] As early as 2003 Shiller questioned whether or not there was, "a bubble in the housing market" [7] that might in the near future correct.
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