Housing Market Crash: Home Prices to Fall Another 15%, Says 2008 Sage

. Shepherdson warned in 2005 that a downturn in housing would trigger a recession; home prices peaked in 2006 and fell until 2012.

For one, a pullback in lending will keep demand low, causing prices to plummet, he said. Regional banks have been more hesitant to lend as they try to keep liquidity levels high after Silicon Valley Bank, Signature Bank, and First Republic Bank failed due to runs on deposits. Shepherdson expects home prices to fall another 15% from current levels. Home prices have already fallen about 5% since last June, according to theAnother reason Shepherdson believes home prices have so far to fall is because the home price-to-income ratio remains historically elevated. Below is the National Association of Realtors' Housing Affordability Index, which takes into account incomes, home prices, and mortgage rates. "Prices are really elevated," Shepherdson said.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Seattle housing market is cooling as prices drop from a year ago, Redfin saysGood news for house hunters: A new Redfin report on the Seattle housing market shows prices are starting to come down.
Herkunft: komonews - 🏆 272. / 63 Weiterlesen »

Potential home buyers are more optimistic on housing market for one big reason, Fannie Mae saysThe Fannie Mae Home Purchase Sentiment Index rose in April to the highest level since May 2022.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »