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✉news BusinessReal Estate first seen 11 h ago, last 24 min ago, peak #23

Housing market faces steepest decline since Great Depression

A new report indicates the housing market is experiencing its sharpest decline since the Great Depression, with property values falling at a pace not seen in nearly a century. The comparison to the 1930s has drawn widespread attention, raising concerns among homeowners, buyers and economists about how deep the downturn could go and what it means for affordability and mortgage rates.

Why now: Comparisons to the Great Depression are alarming and directly affect homeowners and buyers, driving broad public concern.

housing market7NEWS

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