US housing recession could send home prices tumbling 20%, economist says

Written by on September 25, 2022

What causes inflation?

There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation.

U.S. home prices are finally falling from a record high notched earlier this year, and could tumble by as much as 20% by mid-2023, according to a top economist. 

Ian Shepherdson, the chief economist at Pantheon Macroeconomics, said in an analyst note published this week that home prices have already declined 5% from their May peak. His projections show that seasonally adjusted existing home sales slid 0.7% in . . .



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