US housing market is seeing its worst contraction since 2006 as mortgage applications

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US housing market is seeing its worst contraction since 2006 as mortgage applications

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13-06-2022, 01:50 PM

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US housing market is seeing its worst contraction since 2006 as mortgage applications

An honorable member of the Coffee Shop Has Just Posted the Following:

US housing market is seeing its worst contraction since 2006 as mortgage applications crumble, Freddie Mac economist says

The US housing market is entering its worst period of decline since 2006, before the subprime crisis.
A Freddie Mac economist said mortgage applications would see a steep drop over the summer.
Higher interest rates and home prices are destroying affordability.

An already punctured US housing market is set to deteriorate to...

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