Recession could lead to decline in home prices: Redfin chief economist

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Redfin’s Daryl Fairweather provided insight into what could cause home prices to fall as new data revealed the national median price reached an all-time high.

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" on Tuesday, Fairweather stressed that home prices could fall if "the economy is hurt so bad" that buyers can't afford what is available.

"I think out of everything in the economy, the housing market is still in a pretty solid space because of how well-financed people were going into this inflation and they had plenty of equity," Fairweather said. Fairweather also noted that "buyers are backing off of the housing market" with higher interest rates.

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Rain, is wet.

Duh 🙄 it’s the late 70’s all over again

Bears, wood, 💩

Rocket scientist over here

High interest rates will do the trick! Another 75 points next month! 9% by years end! Buyer beware!

Coach Obvious

No kidding!

Thanks Captain, obvious

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