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- Home prices could fall by 9% this year as the Fed powers ahead with rate hikes, according to a Mortgage Bankers Association board member.
- That may also entail trading volumes in the housing market sliding to 40-year lows, real-estate veteran Jeff Taylor said.
- His view comes despite 30-year mortgage rates retreating almost 100 basis points from fourth-quarter highs.
US house prices are set to fall further this year as the Federal Reserve pushes ahead with interest-rate increases, according to real-estate veteran and board member of the Mortgage Bankers Association Jeff Taylor.