It’s still early innings for the housing market downturn. Here’s when Wells Fargo thinks it will end

Econ & Housing

We’re already seeing it. Not long after mortgage rates spiked this spring, the U.S. housing market slipped into a housing downturn. That housing downturn has seen new and existing home sales slump across the country. In some markets, like Seattle and Las Vegas, it has already spurred a home price correction. The silver lining for…

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