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Home Values to Drop 15% to 20% from Peak Levels: AEI

Saturday, Dec 31 2022
Lending
Written by  The Mortgage Leader

Home prices are headed for a cumulative price drop of 15% to 20% by the end of 2024, compared with their June 2022 peak. That’s according to a report by the American Enterprise Institute, a conservative think tank.

 

house 1353389 1920 480x320By the end of 2023 alone, AEI predicts a 10% to 15% dip from peak levels, the report says.

Home price appreciation has risen a cumulative 38% since January 2020, according to the report.

Read more about the report's findings from the American Enterprise Institute.

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