The U.S. Housing Market Looks Headed for Its Worst Slowdown in Years
Bloomberg, July 26, 2018–Prashant Gopal, Sho Chandra
The U.S. housing market–particularly in cutthroat areas like Seattle, Silicon Valley and Austin, Texas–appears to be headed for the broadest slowdown in years. Buyers are getting squeezed by rising mortgage rates and by prices climbing about twice as fast as incomes, and there’s only so far they can stretch.
