The U.S. housing market lost more than $2 trillion in home value during the second half of 2022 as homebuyer demand waned amid elevated mortgage rates, even as home prices fell 11.5 percent from their May peak, according to real estate brokerage Redfin. At the end of 2022, the total value of U.S. homes was…
American Housing Market Loses $2.3 Trillion of Value
February 24, 2023
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30-year mortgageBusiness & Marketseconomic policieseconomyhomebuyer demandmortgage affordabilityreal estaterising mortgage ratesU.S. housing marketUSUS NewsUS Real Estate
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