The modern collapse of Silicon Valley Lender has despatched shock waves by the actual estate business as builders and agents alike scramble to fully grasp what it indicates for property finance loan charges and the financial system at significant. In an short article published on Tuesday, Zillow main economist Skylar Olsen gave two predictions for how the shutdown of Silicon Valley Bank could effects the U.S. housing sector in 2023. Let us acquire a look. 1. It could thrust property finance loan costs down The initial prediction is that home finance loan prices could drop if the Federal Reserve backs off from potential rate hikes, which Olsen writes “appeared imminent…