The Housing Market Correction Will be Deep, and Ugly

HousingWire, Sept. 22, 2022–Flávia Furlan Nunes
You think things are bad in the housing market now? Stick around and see if mortgage rates climb into the 7% range. If it happens, the current origination forecast of $2.2 trillion in 2023 will look awfully rosy. Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades.