Reported about 13 hours ago
Meredith Whitney, CEO of Meredith Whitney Advisory Group, predicts the housing market is on track for its worst performance in decades, citing weak sales and reduced forecasts from companies like KB Home. With existing home sales at their lowest since 2009, she highlights that economic challenges like wage inflation and a slowing economy will continue to impact the housing sector negatively, especially as many seniors choose to remain in their homes instead of selling.
Source: YAHOO