Housing Market Warning Over Looming Price Corrections

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

'It's just a matter of time,' the so-called 'Oracle of Wall Street' Meredith Whitney said about house prices finally coming down.

Meredith Whitney, a financial analyst who was once called 'the Oracle of Wall Street' for predicting the financial crisis of 2008, warned that generational shift in the U.S. will lead to a significant house price correction within the country's housing market.

This is 0.4 percent up on the average one year ago.This stalling situation between demand and supply will change in the coming year, Whitney said, as Baby Boomers—the generation born between 1955 and 1964 and which represents a big portion of homeowners in the U.S.—put their homes on the market in an effort to downsize and save money. According to the U.S. Census 2021 data, the latest available, only 10 percent of American homeowners were under the age of 35.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 468. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The Frozen Housing Market Could Be on the Brink of Shattering (Again)Have you ever watched a video of someone who takes a perfectly normal rose, flash-freezes it in liquid nitrogen and then hits it with a hammer? That's more or less what's happening to the housing market right now. Here's what happened last time.
La source: NEWSMAX - 🏆 16. / 71 Lire la suite »

Higher interest rates squeezing San Diego housing marketAccording to Freddie Mac, the average 30-year fixed-rate mortgage was 7.49%, as of Oct. 5, up from the 2.8% average on Oct. 8, 2020.
La source: nbcsandiego - 🏆 524. / 51 Lire la suite »

Utah home prices tip down again amid worst housing market affordability in 4 decadesAfter six straight months of growth, home prices in most of Utah's Wasatch Front counties have ticked down slightly, marking a turning point as the summer housing market gave way to even more of a slowdown as mortgage rates hover relentlessly high.
La source: KSLcom - 🏆 549. / 51 Lire la suite »

Treasury-market selloff has become the worst bond bear market of all time, according to BofAJoseph Adinolfi is a markets reporter at MarketWatch.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »