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Tuesday, February 7, 2023

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Rising housing inventory will accelerate a 20% plunge in home prices as a meaningful recovery ‘is still miles away,’ Panthenon Macro says

A 15% to 20% decline in home prices is likely as housing supply rises and consumers continue to feel the squeeze of higher monthly mortgage payments, Pantheon Macro said in a Wednesday note. Existing home sales fell for the 10th straight month in November, down 7.7% to 4.09 million. That’s below …

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