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

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…