Housing Market Crash: Wells Fargo Warns of 1980s Recession
Could sky-high mortgage rates set off a housing market crash in 2023 or 2024? A group of experts warn that a collapse could be imminent.
Source: investorplace.com
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The housing market is headed back to a 1980s-style recession, Wells Fargo says—and it's all because of 'higher for longer' mortgage rates
“The residential sector now appears to be contracting alongside the recent move higher in mortgage rates,” the bank’s economists wrote.
Source: yahoo.com
Housing market headed back to a 1980s-style recession, Wells Fargo says
It's all because of "higher for longer" mortgage rates, the bank said.
Source: fortune.com