The red lights are beginning to flash on the dashboard of the housing economy in the United States and around the world. As 2022 comes to a close, it has become clear that easy money in 2021 led to a buying frenzy and higher housing prices. As the values of those purchases fall and interest rates climb, financing for housing production will freeze up. And as 2023 unfolds, consumers are likely to see prices decline but the costs of borrowing money rise to put housing out of reach. Builders are bracing for a slowdown like the one that hit […]
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