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Report: US Home Prices Cool at Record Rate

  • #Prices
  • #Housing
  • #Marketing & sales
  • #Economic conditions & trends
  • #Finance
story
SEP 2022
Image copyright: Getty Images [via Business Insider]
story last updated SEP 2022

The Spin

Narrative A

While it might not be equivalent to the 2008 crash, the US housing market is headed toward a significant decline in both home buying and home construction. Anyone who recently bought a house to beat the Fed interest rate hikes will now be sitting at a loss, and home prices will only drop further, essentially depleting the market.

New York Post

Narrative B

Since homebuying demand is low right now, it has given industries like homebuilding material suppliers and homebuilders freedom from the overwhelming pandemic-era demand and turbulence that drove up prices. The drop in demand will drop home prices, correcting the market and eventually bringing the US housing market back to normal.

Washington Post

Articles on this story

Housing Market Recession: Home Prices Fall As Rates Reach 6%—Here's How Much Further They Could Drop
ForbesJUL 2022
Home prices see biggest drop in 9 years, thanks to higher mortgage rates
NPR Online NewsJUL 2022
Home prices decline at rates seen close to a decade ago
USA TodayJUL 2022
US Home Sales Decline for Seventh Straight Month
Washington Free BeaconJUL 2022
Existing home sales drop for 7th straight month in August
New York PostJUL 2022
Home sales dropped 20% in August from a year ago
CNNJUL 2022
Existing Home Sales Fall For 7th Straight Month
BreitbartJUL 2022