Rising housing inventory will accelerate a 20% plunge in home prices as a meaningful recovery 'is still miles away,' Panthenon Macro says

Dec 21 2022 by Business Insider

 
Real estate for sale signs are seen in front of homes that were foreclosed along Catanzaro Way October15, 2007 in Antioch, California. The San Francisco Bay Area zip code 94531, Antioch, California, has experienced a spike in home foreclosures with a reported 271 homes repossessed between January and August of this year. Antioch has also seen the biggest decline in home prices since May of this year with prices dropping 15 percent. California ranks third behind Ohio and Michigan in...
Continue Reading Rising housing inventory will accelerate a 20% plunge in home prices as a meaningful recovery 'is still miles away,' Panthenon Macro says