Expert: Slow housing market not necessarily sign of a bubble
Expert: Slow housing market not necessarily sign of a bubble
(NewsNation) — JPMorgan Chase laid off hundreds of employees in its mortgage division, underscoring the wide-ranging impact of rising inflation and mortgage rates slowing down the housing market.
About half of those employees will be moved to another division.
Last month, sales of existing homes in the U.S. tumbled 3.4%, with the median housing prices topping $400,000. Mortgage rates are also on…