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Opinion: Homeowners should prepare for an ugly 2023, but it’s unlikely we’ll have a repeat of 2008
Editor’s Be aware: Erik Lundh is a principal economist at The Meeting Board. The opinions expressed in this commentary are his individual. Browse far more impression at CNN. A considerably-feared correction in US residence price ranges is underway. Though this may perhaps feel like déjà vu, the motorists powering the the latest spike in costs and the present-day housing current market downturn are diverse from the ones witnessed in the 2000s. This time all over, the US economic process is far better geared up, and a nationwide crisis is considerably less most likely. Courtesy Evercore It is legitimate that US owners should put together for an unattractive 2023. Immediately after…