US Housing Market Sees Biggest One-Year Drop In A Decade - FORECLOSURE FRAUD

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US Housing Market Sees Biggest One-Year Drop In A Decade

Posted on22 May 2023.

US Housing Market Sees Biggest One-Year Drop In A Decade

The national median existing home price dropped 1.7 percent in April 2023, the largest year-on-year drop since 2012, according to recent reports.

The U.S. housing market’s instability and uncertain future appeared to be a hot topic on Monday, with experts weighing in on the potential for a major crash. While this is great news for those of us who are waiting to buy outright, the consequences could be dire for Americans locked into overvalued homes with high mortgage rates.

Popular Twitter account Unusual_Whales, which has accrued 1.3 million followers with its coverage of stocks, options, and market news, wrote on Monday that “US home prices have had their biggest annualized drop in over 11 years,” a fact confirmed by Markets Insider. The median existing-home price dropped to $388,800 in April 2023, the National Association of Realtors reported.

To continue reading the rest of the article, please click on the source link below:

https://dailycaller.com/2023/05/22/us-housing-market-crisis-biggest-drop-decade/

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