Reuters
- The US housing market isn't going to see a 2008-sized crash, according to a Reuters poll of analysts.
- Analysts expect home prices to decline by a modest 4.5% this year, and to fall 10% from their peak overall.
- Meanwhile, mortgage rates were expected to ease to 6.35%, down from the current level of 6.5%.
The US housing market will avoid a 2008-style crash, as home prices are only set to drop modestly in 2023, according to a recent poll of analysts conducted by Reuters.
According to 29 analysts who were surveyed by the news outlet over the last week, home prices are only estimated to decline by an average 4.5% in 2023, and 10% overall from their recent peak.