Pantheon Macroeconomics Housing Market, ‘the bulk of the drop in home prices is yet to come,’ 2023

Recently, the economic research consulting organization called “Macroeconomics Pantheon” released a report which stated that the US Housing Market has bottomed out and argued that the housing market is not yet close. achieve true recovery. In fact, Pantheon Macro Economics believes that the recovery in the US Housing Market shown this summer was faked. Yes, you heard right, when an economic company like Pantheon Macro Economics makes such statements, it cannot be taken lightly and ignored. You should also remember that when Macroeconomics Pantheon says “House prices in the United States,” it is actually talking about the country as a whole. You are requested to follow this report and follow it till the end for more details. Everyone should know what Pantheon Macroeconomics learned about the U.S. Housing Market recovery this summer. Scroll down the page and see below.

Pantheon macroeconomic housing market

“We are confused by the narrative emerging in the commentariat that housing is currently recovering when it is actually not so. Home sales soared at the start of the year, lagging behind falling mortgage rates at the end of 2022, but have softened more recently thanks to the latest reserve interest rates and mortgage applications signaling that they will soon fall to new lows in the cycle,” Continue reading this article for more details.

The biggest problem or obstacle to a real recovery in the US Housing Market is affordability. Clancy claims that last year’s mortgage rates sent shockwaves along with home prices nationwide rising more than 40% during the pandemic housing boom. Since the peak of the housing bubble in 2006, this is the first time housing affordability has declined. Clancy also wrote: “The broader point here, however, is that most of the decline in home prices has not yet occurred; delayed impact of point-of-sale decline to a sharp and sustained decline,”

The direction is always clear but there is uncertainty about the pace and scale of price adjustments. Economists at Pantheon Macroeconomics said much of the decline in house prices has yet to occur. National home prices will continue to decline, and the U.S. Housing Market bottomed out earlier this year. While companies like CoreLogic and Zillow point out that nationwide home prices and new home sales are rebounding. Keep stable.

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