Economics
US Consumers See Home Prices Falling for First Time Since 2020
- Fannie Mae survey shows 0.4% decline in price expectations
- Expected rental price growth slides most in data back to 2010
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For the first time in two years, US consumers expect home prices to fall over the next 12 months.
An August survey by Fannie Mae found that respondents see a 0.4% decline in housing prices compared with the prior month’s expectations for a 1.9% increase.