U.S. sees major housing price correction, nearly the largest since World War II

Monday, January 2, 2023 | Tag Cloud Tags: , , ,

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(Worthy News) – The United States is seeing a major price correction in its housing market, with analysts calling it very nearly the largest such shift since the end of World War II roughly 80 years ago.

The U.S. saw sky-high housing prices over the past several years, as a huge increase in demand was met with sharply depressed housing stock due to building delays and other factors.

Prices have been dropping markedly in recent months as the Federal Reserve’s interest rate hikes have driven buyers away from the market. Experts are claiming the price correction is among the largest seen in decades. [ Source: Just the News (Read More…) ]

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