Homes in Sacramento, California, US. Photo: Bloomberg
Homes in Sacramento, California, US. Photo: Bloomberg
Marcella Chow
Opinion

Opinion

Macroscope by Marcella Chow

US housing market shows signs of a recession, but it won’t be a repeat of 2008

  • High mortgage rates have led to a drop in house sales – but it won’t lead to anything like the subprime meltdown of the 2000s
  • On the upside, the drop in demand for housing could bring down prices, easing inflation

Homes in Sacramento, California, US. Photo: Bloomberg
Homes in Sacramento, California, US. Photo: Bloomberg
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