U.S. housing market is in a “meltdown”: Economist

A top economist has warned that the U.S. housing market is currently in a “meltdown” that will continue to see a sharp drop in sales. Ian Shepherdson, the founder and chief economist of British firm Pantheon Macroeconomics, told Forbes that homebuilder confidence, which is at a two-year low, still has “further to fall.” “Pretty soon,…