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US Housing Market Post $2.3 Trillion Drop Biggest Since 2008. What’s Next?

The economic fallout from the orchestrated coronavirus pandemic has been felt in almost every sector of the economy, and the US housing market is no exception. In June 2020, the value of US homes topped out at an impressive $47.7 trillion, but since then there has been a steep decline in both numbers and percentages. According to Redfin, the total value of US homes dropped by $2.3 trillion or 4.9% over the...

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