US Consumers See Home Prices Falling for First Time Since 2020
Fannie Mae survey shows 0.4% decline in price expectations
Expected rental price growth slides most in data back to 2010
For the first time in two years, US consumers expect home prices to
fall over the next 12 months.
An August survey by Fannie Mae found that respondents see a 0.4%
decline in housing prices compared with the prior month's expectations
for a 1.9% increase.
Consumers also anticipate that rental price growth will slow, with
year-ahead expectations dropping nearly two percentage points, the
steepest slide in data back to 2010, according to the survey released Wednesday.
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https://www.bloomberg.com/news/articles/2022-09-07/us-consumers-see-home-prices-falling-for-first-time-since-2020>
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