
The housing market is no longer a wealth-building engine as home prices continue to slump
via fortune.com
Short excerpt below. Read at the original source.
Home prices aren’t keeping up with inflation, representing a drag on wealth in real terms, according to S&P Global. That’s as home prices have been falling on a monthly basis, while President Donald Trump’s tariffs have kept inflation sticky and still-high mortgage rates have weighed on demand. High home prices and mortgage rates have created […]