There is a terrible house price adjustment in the US. It may sound like déjà vu, but the causes of the recent housing market booms and busts are different from those of the 2000s.
This time, the American financial system is better prepared and a national crisis is less likely.
American owners need to prepare for 2023. After years of stagnant investment and stagnant supply, US home prices rose 45% between January 2020 and June 2022, fueled by low-interest rates and growing demand for work-from-home jobs.