Expectations of lower house prices are getting more deeply entrenched within the American population…

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by silvertomars

This now risks creating a self feeding loop, where potential buyers hold back in anticipation of lower prices…

Monthly Payment on Median Home Price as % of Median Income with Historical Mortgage Rates since 1987

South Florida house sales PLUMMET by up to 40% compared to last year as rising interest rates and soaring prices deterred buyers, with Miami, Palm Beach and Keys all seeing large slumps