1 of 1
Story summary
- Melody Wright, housing analyst, warns that the U.S. housing market could experience a price correction potentially worse than the 2008 crisis, with prices possibly falling by 50% next year.
- Rising inventory has slowed price growth.
- Over the past year, 53% of homes lost value.
- There are signs of increased sales in lower price ranges.
- Wright warns of imminent declines due to investor exits.
