Home prices falling for first time since 2020

Home prices falling for first time since 2020

By Alex Tanzi | Bloomberg
For the first time in two years, US consumers expect home prices to fall over the next 12 months.
An August survey by Fannie Mae found that respondents see a 0.4% decline in housing prices compared with the prior month’s expectations for a 1.9% increase.
Consumers also anticipate that rental price growth will slow, with year-ahead expectations dropping nearly two…

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