: When will house prices go down? These economists see a ‘prolonged slowdown’ — and predict dramatic declines in home values

by | Oct 11, 2022 | Stock Market

The real-estate market is taking a beating, with mortgage rates surpassing 7%. “Rates are still rising, and will continue to rise here on out,” Christine Cooper, chief U.S. economist and managing director at CoStar Group, told MarketWatch in an interview. But with home prices continuing to be elevated, that has really hurt affordability, she added, and pushed buyers out, which will hurt home sales.

And “it’s going to continue until we’re gonna see some price declines,” Cooper said. “And we’re seeing signs already.”  Sell …

Article Attribution | Read More at Article Source

Share This