Dallas Fed researchers warned of brewing trouble in the US and German housing markets.
US home prices could plunge by nearly 20% as erratic market activity and rising interest rates drive a “risk of a deep global housing slide,” the Federal Reserve’s own researchers said in a report Tuesday.
The researchers noted “exponential growth in key housing market indicators,” such as home-price-to-rent ratio and real house prices, signs of an affordability crisis.US home prices would need a 19.5% correction “to bring the US in line with its fundamentals,” researchers Lauren Black and Enrique Martinez-Garcia
Rising interest mortgage rates have triggered a significant slowdown in the US housing market over the last year. Existing-home sales have declined for 12 straight months, according to the National Association of Realtors.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Housing crash: Fed economists warn of 20% market correction and bubbleUS home prices could tumble nearly 20% and Fed economists warn further rate hikes risk an even worse housing correction: 'The bubble hypothesis merits attention'
Lire la suite »
Dallas mayor calls on APD officers to work for Dallas Police Department insteadThe mayor of Dallas is calling on Austin police officers to work for the Dallas Police Department instead. This comes as police contract negotiations remain at a standstill between the City of Austin and the Austin Police Association.
Lire la suite »
AT&T and ServiceNow partner for global telecom product - Dallas Business JournalAT&T provided the strategic design and guidance for the development of ServiceNow’s Telecom Network Inventory, which is built on the ServiceNow platform and available globally now.
Lire la suite »
Retiring Dallas PD Officer to Continue Addressing Mental Health of Police ForceShe swore to protect and serve the Dallas community. For more than 20 years, Diana Mathis-Thornton helped patrol Southeast Dallas.
Lire la suite »
Fantasy Baseball 2023 Starting Pitcher Preview: Top-20 rankings, sleepers and draft strategyPitchers betray us every fantasy season, no matter when we draft them. It's disgraceful. This spot is full of frauds. Grifters. Charlatans. Deceivers. Injury rates and volatility are high; workloads are in a multiseason nosedive. There is little honor in the pitching profession, certainly not in this era.
Lire la suite »
Fantasy Baseball 2023 Shortstop Preview: Top-20 rankings, sleepers and draft strategyThere can be a lot of stress in a fantasy manager's life. Take this year's baseball board. Second base looks thin. Third base is scary. Starting pitchers always keep us up at night, and closers can go bad at any time of day. There are potholes everywhere.
Lire la suite »