house prices 2023

The Fed's housing market 'reset' officially triggered the second biggest post-war house price correction

The Fed’s housing market ‘reset’ officially triggered the second biggest post-war house price correction

In June, Fed Chairman Jerome Powell told reporters that the overheated US housing market – which has seen US home prices rise more than 40% in just over two years – had need a “reset”. And higher mortgage rates, he said, would slowly bring “equilibrium” back to the market. “We saw [home] prices have risen …

The Fed’s housing market ‘reset’ officially triggered the second biggest post-war house price correction Read More »

Morgan Stanley cuts its outlook on the US housing market, where it expects a house price correction in 2023

Morgan Stanley cuts its outlook on the US housing market, where it expects a house price correction in 2023

Nationally, home prices fell 1.3% between June and August. It marked the first decline measured by the lagged Case-Shiller National Home Price Index since 2012. It’s more than a small dive, it’s a change of trajectory. At least, that’s according to the latest forecasts produced by Morgan Stanley’s economics team. This year, Morgan Stanley expects …

Morgan Stanley cuts its outlook on the US housing market, where it expects a house price correction in 2023 Read More »