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US home prices are already falling and are set to tumble in the coming months, an economist said Tuesday.
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Ian Shepherdson, chief economist at Pantheon Macro, told clients “the next few months will be very tough” for the housing market.
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Property markets boomed in 2020 and 2021 but are rapidly cooling as central banks hike interest rates, pushing up mortgage costs.
US home prices are already falling and are…
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