US housing recession could send home prices tumbling 20%, economist says

US housing recession could send home prices tumbling 20%, economist says

US housing recession could send home prices tumbling 20%, economist says US home prices to decline amid high inflation, rising interest rates U.S. home prices are finally falling from a record high notched earlier this year, and could tumble by as much as 20% by mid-2023, according to a top economist. Ian Shepherdson, the chief economist at Pantheon Macroeconomics, said in an analyst note published this week that home prices have already declined 5% from their May peak. His projections …