Price discounts for new homes are drying up as demand rebounds, homebuilders say

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A worker makes repairs to a home under construction in Newark, California.
A worker makes repairs to a home under construction at the Lennar Bridgeway development in Newark, California.

Justin Sullivan/Getty Images

Analysts say the US housing market will avoid a 2008-style crash and prices will only drop by 5% in 2023

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A home foreclosure sign.
A home foreclosure sign.

Reuters

The US housing slump will deepen as interest rates keep rising – but it's safe to rule out a 2008-style crash, say Zillow and Redfin analysts

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US home prices, property market, housing
The housing market boomed in 2020 and 2021 but is now cooling rapidly.

AFP/Getty Images

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