Fox Business says the housing recession is already here.

[Charlie MacPherson]

I just saw this article https://www.foxbusiness.com/ec... and wondered whether it's typical news media hyperbole, but maybe it's not

They predicting a 20% decline in housing prices in this economy by 2023.  If that's true, those who bought homes in the last several months when the market was white hot might find themselves upside down.

In fact, they say that the housing recession is here: "Painfully high inflation and rising borrowing costs have proven to be a lethal combination for the housing market, forcing potential buyers to pull back on spending. Many experts – including Shepherdson – agree the housing market is now experiencing a recession."

Good luck to all with the oncoming market changes!