‘A perfect storm is brewing’: A senior economist says home prices are primed for a 2008-style crash as housing construction booms and demand gets crushed by rising mortgage rates

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Econ & Housing
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  An American neighborhood. Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now The housing market is starting to cool as mortgage rates rise. José Torres of Interactive Brokers warns that steep declines in home prices are ahead. Torres expects the declines to play out…

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This article was originally published by Businessinsider.com. Read the original article here.
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