Business

US Consumers See Home Prices Falling for First Time Since 2020

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“The share of consumers expecting home prices to go down over the next year increased substantially in August,” said Doug Duncan, chief economist at Fannie Mae. “We also observed a large decline in consumers reporting high home prices as the primary reason for it being a good time to sell a home, suggesting that expectations of slowing or declining home prices have begun to negatively affect selling sentiment.”



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