✉news BusinessReal Estate first seen 20 h ago, last 8 min ago, peak #1
US Housing Indicator Hits Most Negative Reading in 14 Years
Original: A major housing indicator just flashed its most negative reading in 14 years
A widely watched housing indicator has registered its most negative reading in 14 years, a signal that conditions in the property market may be deteriorating at their fastest pace since the aftermath of the 2008 financial crisis. The reading points to weakening confidence among buyers or builders, with economists watching whether it foreshadows further price declines and a broader slowdown in the housing sector.
Why now: Fears are growing that the housing market is entering its worst downturn since the global financial crisis.
Rank over time, top of the chart is #1. 2 snapshots from 1 h ago to 8 min ago.
Evidence
- A major housing indicator just flashed its most negative reading in 14 years · Business Insider
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