Estimated reading time: 0 minutes, 22 seconds

Home Values to Drop 15% to 20% from Peak Levels: AEI

Saturday, Dec 31 2022
Lending
Written by  The Mortgage Leader

Home prices are headed for a cumulative price drop of 15% to 20% by the end of 2024, compared with their June 2022 peak. That’s according to a report by the American Enterprise Institute, a conservative think tank.

 

house 1353389 1920 480x320By the end of 2023 alone, AEI predicts a 10% to 15% dip from peak levels, the report says.

Home price appreciation has risen a cumulative 38% since January 2020, according to the report.

Read more about the report's findings from the American Enterprise Institute.

Read 805 times
Rate this item
(0 votes)
More in this category: « Median Purchase Application Payment Dipped 1.8% in November Bodnar of MMG: The Fed Raises Rates Half A Point »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline