✉news BusinessReal Estate first seen 1 d ago, last 7 h ago, peak #1
Wall Street 'Oracle' warns of prolonged housing slowdown
Original: The 'Oracle of Wall Street' says prepare for a prolonged housing slowdown as rates and home prices refuse to budge
Jeremy Siegel, the Wharton economist nicknamed the 'Oracle of Wall Street', is warning that the US housing market faces a prolonged slowdown. He says elevated mortgage rates and stubbornly high home prices are unlikely to ease soon, leaving affordability strained and buyers sidelined. The warning adds to growing concern among analysts that high borrowing costs will keep housing activity depressed well beyond the near term.
Why now: Elevated mortgage rates and unaffordable home prices keep housing a pressing economic worry for buyers and investors.
Jeremy SiegelUS housing marketFederal ReserveWharton School
Evidence
- The 'Oracle of Wall Street' says prepare for a prolonged housing slowdown as rates and home prices refuse to budge · Business Insider
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