business
Home prices would need to crash 32% to offset today’s high mortgage rates
US home prices would need to plunge 32% for buyers at today’s mortgage rates to match the monthly payments enjoyed by existing homeowners.
Those holding out hope for a housing crash are setting themselves up for disappointment.
American home prices would need to plunge nearly a third to make today’s punishing mortgage rates as affordable as the loans millions of existing homeowners are ... [3826 chars]
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