The real estate sector has been deteriorating amidst an unprecedented rate hike cycle
Yearly change in home prices has been sharply dropping from its highs, similar to the 1979, 1990 and 2006 pic.twitter.com/HgQNr18wzk
— Game of Trades (@GameofTrades_) July 27, 2023
We may be in for protracted home price retracement
Rather than a sudden crash like in 2008, perhaps a few years of home prices churning down 2% a year until some sort of mean reversion is reached
*But some regions may drop more and act more crashy* https://t.co/SvPnuvDr5t
— Amy Nixon (@texasrunnerDFW) July 27, 2023
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